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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (703)	1/11/2002 11:50:21 AM
From: Dave Gore	Respond to of 16631

I am liking going to hold RFMD for awhile. I only bought a 1/2 position and see 4-8 points of upside and only 2 points downside risk in the short - intermediate term. Obviously it all depends on whether the NAZ can break above 2100 and re-test 2250 or whether it breaks below 2000. I think the news out of the company is good (i.e. improving market share and margins), so it is more the overall NAZ that will affect it now. I can't see any negative news coming out of the company after the CFO talked up their improving business prospects just yesterday, so that makes me feel more secure. That's why I like to buy companies who just guided UP. The worst thing to kill a stock is unexpected negative news.