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RF Micro Devices, Inc. Message Board

  • dbr_x6 dbr_x6 Nov 18, 2011 9:53 AM Flag

    CRM likely a good end-o-year rally candidate.

    If the market turns positive then CRM is oversold enough to rally hard.

    All their earnings downside was priced into the recent range. Didn't even break $109, at least not yet.

    CRM is at greater risk than the overall market if we see an EU inducd crash, but otherwise it is in a good position to rally at least to 140.

    http://stockcharts.com/h-sc/ui?s=CRM&p=D&yr=0&mn=9&dy=0&id=p27766308750

    jmho

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    • <<Didn't even break $109, at least not yet.>>

      It will, I think. Gapped to the bottom of the range on 27% greater volume than the Aug 19th push into the same price....it's gone. Perhaps a bounce back into the gap ~120 to 124 and then lights out. If it gets under $98 then the $60 area is game.

      • 1 Reply to onepoint272
      • If you look at it relative to the market, CRM is actually getting stronger.

        http://stockcharts.com/h-sc/ui?s=CRM:$SPX&p=D&yr=1&mn=0&dy=0&id=p46515580632

        Certainly, CRM is a good market crash candidate, but then I don't think the market is going to crash till next year.

        What it is, is deeply oversold, even compared to previous declines in what will likely prove over time to be the top (109-160).

        Eventually the low margin nature of the business, and eventual topping of revenues will take it down hard. The cloud is still a very fast growing market and CRM appears to be growing strongly, but neither are immune to the economy.

        INTC has been growing along with the cloud and could hit 28 in a year end rally. They appear to be on a ramp of a new growth curve for the company, beyond the PC and into cloud servers and eventually handheld devices.

        I'd add intc on any weakness at this point, which I would expect to only be caused by the economy as a whole.

 
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