Well maybe thats a buy signal. Smartphones and playbook haven't even reached the 2nd inning. All three of these stocks will surge but the ? is do you want to buy SWKS and hope for a double or buy RFMD and wait for a triple
Well to be honest if you look at 2 year relative stock price performance starting at about Feb 2009 to the Feb 2011 then RFMD and TQNT are already both 8 baggers and SWKS was a 9 bagger. TQNT and SWKS were first to come off the bottom.
Now they are all off their highs but RFMD was the first to come down. RFMD was the downside leader. I think TQNT and SWKS have a ways to go down yet. And when the RF market turns around it likely won't be RFMD leading the way up.
Perhaps the best stratedgy would be to wait for the leaders, SWKS and TQNT, to complete their corrections, then get into one of them first to capture the cream, then rotate into RFMD to do the same, and then back to the leaders until RFMD bites it again as your signal to get out of RF chips altogether.