Unreal! At this range, RFMD has a 60% plus upside compared to its competition. I can not believe this CASH roller coaster has gone un-noticed. Course some just put out a strong buy today///found it AOL daily finace page. I said yesterday this thing has had a 20% range over the past six months///its more like a 25%+ range not once, but twice! Unreal... which is really nice because when this thing does break out....its going to be a thing of total beauty!
If you think this is so, rather than buy the stock outright, buy the Jan 2012 $2.50 calls or the $5.00 calls. Either one should leverage you up if you're right. Sell part on your first rally and save the rest for the next rally.
I like AXTI going forward---under $4.00 is a good pick-up. They tend to lag CREE which has stormed to the lead in their space.
If you've got available funds the risk/reward looks very attractive here.The market is now in a phase where it is efficiently transferring wealth from the frightened and the timid to the confident and those with patience.