In terms of the stocks you mentioned-AEHR, PWAV, RFMD, ATHM, ACCL & APEX,
this is what I think-
APEX-Bright future but current price is out of wack. I would wait till the next quarter and see if they can sustain their current growth rate. If a terrible news hit, APEX will likely fall big time. My target price is $35 and it has met my price target.
ACCL-Undervalued. Now that DIMD is moving up, I think ACCL will too. I believe that ACCL should have a great quarter ahead due to recent major contract annoucements which include GATEWAY. I would wait for an entry. Currently, my technical software still shows lots of selling pressure; however, it is reducing now. My target price is $15.
PWAV-It remains my favorite stock of the year. I just love their huge cash position ( almost 60% of their annual sales volume ), no debt and huge investor equity ( about 80% or more ). The stock price is not coming down no matter what and you can tell investors are long on this stock. I would watch closely to see what they are going to do with their huge cash. Just give you an example, SPCT has sales of $200 to 250 mil and it has $11 mil in cash & cash equivalent; PWAV has about $90 mil in sales and it has $60 mil in cash & cash equivalent. Even before IPO, it had tons of cash. It has been in business for 11 years prior to IPo and it made money every year. Just to show you what a great run company it is. Again, watch for what they're going to do with their cash! My target price is now raised to $55.
ATHM-This is a stock play purely for the future. It all depends on how many users they can sign on. Having major cable companies backing ATHM is a big plus. I know my friend who just started signed on with ATHM and he is very pleased with the cable speed. I would put a target price of $25.
AEHR-This is the stock I am least familiar with. Technically looks like there's quite a bit of buying lately. Based on its fiscal year earning, AEHR is way undervalued. However, there's a big tax gain that drove up the earning per share. I would put a target price of $25 if they can sustain strong growth and continue to improve their margin.
RFMD-Of all the stocks mentioned, this one has the strongest buying signal of all with excellent money stream. Its short term moving average just broke mid and long term averages today and is poised for major move up. RFMD has almost no selling pressure lately-I don't know why. I do know that ALN ( ALLEN Communication ) has a huge stake in the company about 12%. ALLEN is a very well run company and stock is near all time high. ALLEN must have faith in RFMD to make such a big investment. There are two 27,000 shares buy in today-looks like mutual fund is buying. I believe their business future is excellent and will watch closely on their new wafer plant which is near completion. The CEO did say that cost and schedule are both on target. I believe the stock price can be much higher. My target price is $30. I think RFMD and PWAV are the best bets because of the wireless industry is booming.
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