SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : RF Micro Devices (RFMD) -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (2305)2/29/2000 9:55:00 PM
From: Carl van Rooyen  Read Replies (4) | Respond to of 4849
 
What's the general consensus on a re-entry point for those of us that booked profits yesterday? I went back and forth with 1K bites today, trying to feel the bottom...

I don't want to irritate anyone who is riding the wave here by talking about retracement, but IMO it does seem worth discussing since I know for a fact many people here did some banking after the moonshot. My long term on RFMD has been and remains as bullish as anyone.

So, even though it's pure speculation (particularly given the naz today), what's your depthfinder say now that the water's gotten deeper?

I'll be looking to accumulate seriously again in the 120's. Funny, it seems like just yesterday when I was saying I'd accumulate again in the 60's. I can only imagine what the holders from 1997 and 1998 are thinking. (Retirement?)

For anyone who hasn't done the math lately (I love looking at things like this), $10,000.00 slapped down on RFMD at the beginning of 1998 would now be worth almost exactly one half million dollars. Not a bad return for a couple of years...