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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (20622)	1/10/2002 1:30:26 PM
From: Dave Gore	Read Replies (1) \| Respond to of 99280

STOCK BUY: RFMD (1/2 position @19.07) after surprisingly positive CFO comments (see below). Its recent high is nearly $23 and was $27 in November. With this upbeat announcement, I see significant upside potential and minimal downside of maybe a point. This stock is a favorite of traders and momentum players. I wanted a lower entry point, so only bought a 1/2 position in case. As always, do your own DD...don't trade on what anyone else says. Naz is getting a little stronger as we begin to come out of the quiet period. from Briefing: 12:18 ET RF Micro Device (RFMD) 18.88 +1.86 (+10.9%): -- Update -- Hearing from traders citing Dow Jones that RFMD's CFO announced that co expects to be profitable in Q3 and the "near-term", and is optimistic about margins. Also: Hearing from sources that SoundView reiterates its STRONG BUY; says worries about an inventory overhang are overblown and checks of module subcontractors and GAAS wafer suppliers do not find any major changes. SoundView also defends broader wireless equipment group after recent declines, says checks with Cingular, Verizon, and AT&T Wireless reveal handset inventories at seasonally normalized levels; prefers NOK and ERICY to names with heavy CDMA exposure such as QCOM and MOT.