RFMD is sucking it up to 4.66 I remember too well not holding FDRY which was making money just like RFMD and ran to 33 dollars. OUCH. This might go down further but very few ever get the EXACT bottom of the monkey.
At the same time FDRY was at 3.75,JNPR was at 4.55.Unfortunately I called the bottom on JNPR prematurely and got it at 12.00 per share.Your correct in that the bottom is tough to call.Matter of fact I've been tracking FDRY as its on my hit list.The valuation on FDRY is compelling,and RFMD looks to be getting very,very,very attractive too.Any other techs you like that are looking good?
I came home for lunch today and caught RFMD at $4.70 Bought 2000 shares. I live here in NC, close to G-Boro. RFMD is just making to much money on PA's alone. I think its overdone. The semis have been killed in the last 3 months. I have loaded up on semis,(QLGC)(BRCD)(INTC)just to name a few. Semiconductors (SMH) are ahead of the curve. They are the first to go down and the first to come back. Time will tell. Good luck longs.