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Qorvo, Inc. Message Board

  • sayleweleweye sayleweleweye Jan 8, 2003 4:58 PM Flag

    After hrs looking good for techs

    So we lose 66 cents today and probably gain 80 cents tomorrow. Too much positive news coming out of the tech arena these last few days -- particularly among the companies that RFMD supplies.

    RFMD has the news on the table -- and it too is positive. To short this stock at these levels is about as stupid is, as stupid does.

    The $8's probably return for good at the opening bell tomorrow.

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    • I just bought in @ 7.62, but everyone should know that there is potential for another drop

      The technical analysis of the charts...this would only be temporary, but may make people continue to post messages like "Why is this going down?".

      The Stochastics chart primarily shows RFMD as over bought (above 80) and tends to instill selling. RSI is pointing down also...this could change quickly, but don't be alarmed if it goes down more before it pops even higher up.

      I am guessing that the volume was higher due in part to shorts covering.

      Shortly after these two items reverse, it should be smooth sailing...the MACD is primed and ready to go.

      Institutional buying has also increased over the past day and a half.

      Check out these sites as I use them for this information:

      www.stockcharts.com
      www.thompsonfn.com

      Good luck to all

 
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