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Technology Stocks : RF Micro Devices (RFMD) -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (3658)10/17/2000 10:47:36 PM
From: Retire@40  Read Replies (3) | Respond to of 4849
 
RFMD dead money for a while...with a current PE of around 75 taking into account afterhours trading...and a forecast of a 20% decline in sequential revenue growth...RFMD will still be overpriced at $15...RFMD just one more in a long list of Nasdaq casualties generated by Uncle Al's disdain for individual investors making a buck or two. Glad I was out of this stock when this happened...sitting on about 30% cash and not in a hurry to deploy it either. Sorry for all the longs. RFMD should recover some by year end or early next year. If you are patient(which I am not), could represent a good long term buying op tomorrow if they really kill it at the open.
Dennis...are you or Robert taking Brinker's advice and buying the QQQ's here, or are you just waiting this tech wreck out?
Emac