QLGC--Another oversold semi?
Hi Todd (And all),
Thanks for the typically excellent dialogue on SMTC, and a belated thanks to Todd for his quick take on CBXC. (Made sense to me, by the way. Will comment further if you're interested--I gathered not)
I do have one other candidate that I've been watching for months that I'd like to get any reactions to--QLGC. Up there with LUFK and THQI, this is at the top of my buy list. Having been driven down by Asia fears amd ADPT's negative earnings surprise, they seem way oversold--despite coming in this week at .43 cents, 3 above analyst's estimates.
On the fundamentals, it seems a screaming buy--but I'm just not comfortable evaluating the technicals (tho it seems to have support at around 25?) or deciding whether it ought to pre-empt other strong buy candidtates in this rapidly evolving market. I'm suspecting a gap up over the weekend, which is making me antsy. :)
Any thoughts, Todd or others?
Best,
Dave |
