RF Micro Devices Inc. Message Board

Picture ! Now I really don't want to offend
anyone, and I'm sorry about calling Ted a Looser. I
really agree with rahod's post though.If you are long
RFMD , and you would be nuts not to be, and you sell
at 62 with the hope of buying back on an intraday
dip, you really have to be pretty gutsy and glued to
that monitor to do that. It can be done though, I just
don't have the nerve that some do ( or the time).Let's
review the situation with RFMD ( as I see it )1. Friday
was a confirmed breakout for RFMD on what is already
a confimed bull market.2.Wireless is poised for a
huge expansion in 2000 and RFMD manufactures key chips
for the lead suppliers of this wireless handset
revolution.3. RFMD is under heavy institutional accumulation.4.
Buying or selling by posters on this board has very
little effect if any on the price of RFMD (Institutions
have 100's of millions to lock up and are now scouring
the market for the next big winners )5. RFMD's chart
speaks volumes to me about the value of this company and
it's telling me it is on a big leg up after
oscillating the past 2-3 months due to market interest rate
fears and the fact that we were in a correction. The
chart tells me that this stock is like a coiled spring
that was held down by the general market and is now
ready to explode.6. OK I'm tired of blubbering here, I
wish all of you big bucks !Sincerely,Philip

Warren Buffet stated that you should not short a
stock where the company is making money. Of course he
said that before we started to see these rediculous
valuations in the market. Even with the high valuations it
is very risky to short a stock like RFMD when it is
growing its earnings so rapidly. Not only are the bottom
line earnings growing the top line gross revenues are
growing 100% year over year. If you short this stock you
are betting on market setiment day to day, hour to
hour, or minute to minute. You have to be very fast at
covering your short position. As you know this is called
market timing or day trading. Very few people make
significant money day trading.

If you have a stock
with the growth potential of RFMD a much more
successful strategy is to take a long position and hold it
until the growth pattern changes and you feel that your
money can earn a better return somewhere else.

NASDAQ has reached 3100. I doubt it will continue to rise next week. Sometime next week it it good time to take some profits.

Today's confirmed breakout is a buy signal for
other investors. Some will think they can sell and get
back in lower. I sold jdsu the day before earnings
came out so that I could buy back on the dip. Guess
what? Exactly. If you have held for this long why would
you leave now. The CEO from jdsu recently said at a
conference that you never leave a party before the booze is
gone. This party is just beginning.

Hey, ANYTIME is a good time to take a profit! If
you`re in a "sheltered" acct (IRA) then selling is a lot
"easier"...but in regular acct, those capital gain taxes can
KILL you and more than offset any potential gain of
buying back lower!Also, when you sell (and don`t buy
back) WHAT are you going to DO with the profits?? I
have bought and HELD all my stocks since I got into
individual stocks (RFMD..LGTO...QLGC..CTXS) mid-April and
have made a KILLING!I did sell QLGC and CTXS recently,
but only to around and buy GALT when it "went on
sale" at 19! You have to expect corrections along the
way, but holding GOOD growth stocks like RFMD
eventually pays off. When you sell and buy back you have to
be right TWICE...first selling at the "top" and then
buying considerably lower. Sounds "easy"...it ain`t!

The trading firm determines when you must cover
your short position. I guess it has possibilities but,
as witnessed today, can cause lots of problems. Does
that mean that if you have adequate cash reserves,
that you can maintain a short position indefinitely?
If you have a significant cash position, the risks
are minimized due to the continuous market swings.
Never the less, it's hard enough trying to come up with
a bottom target; I don't think I'm ready to price
the top as well.

<EOM>