Todd,
>> Would you believe SMTC was up 18% this week? <<
Yes, preciously it is 17.8%. Would you believe that after the 17.8% gain, SMTC is still have a lower P/E than Micrel??? Hope to see some good volume to break out the 30s next week.
Stu Bishop,
I guess both Todd and Jeff didn't realize there would be such a huge correction in the chip industry, and the Asian flu (the trigger or "the excuse" for the correction). SMTC wasn't fell due to its own problem, it fell with sympathy with the sector (AMAT, LSI, TXN...) and in general most of them lost half their value from the peak, some lost even more. Nevertheless, the merit is yours for pointed out the concern, the same concern which prevented me from jumping onto SMTC last October.
>> Will it stall and go sideways? Will it shoot up then drop significantly? <<
My guess is similar to Todd's. It's really depends on the earning release. If the earning is only so so then it may pull-back. How much will it pull back? If there is no "adjustment" to the chip industry, then I see $25 to $26 should have some good support. If there is "adjustment" to the chip industry then low 20s is possible. Don't forget the impact of Asian flu is not over and DOW is in the historic high.
aC |
