Triquint Semiconductor (TQNT) Message Board

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Technology Stocks : Triquint Semiconductor (TQNT)

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To: slob who wrote (334)	11/29/1997 2:00:00 AM
From: Rex Dwyer	Read Replies (1) of 995

Hi Slob, "any ideas on when we hit bottom?" I am not a technical analysis expert, but I would say that their $0.14 earned last Q should keep the share price above $14. However, this assumes that the company does not announce that the profits may go even lower in the future. So, I am buying now at $22 5/8 and at $21. If it gets down in the $15 or lower range I will try to find cash to buy more. I will probably not buy more unless I sell one of my other holdings. And, of course, never put too much money in one stock in case we have really screwed up. I would not bet that the price will go down to $14 before it goes up to $30 again. I think it has a higher chance of going up than down. But the stock is in the penalty box right now. It may take time before Wall Street feels safe with the company. They have plenty of capacity. So if they do get some big design wins, the profitability should shoot up as the gross margins increase. Rex

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