Doesn't matter if stocks are oversold if the overall trend is down, with evidence of worldwide slowing showing up more and more. We could go down another 20% or more in the averages and SWKS will have to follow.
So wait until the bottom is in, it will continue to drop with the rest of the world.
You do realize we are in a worldwide slowdown and a bear market?
We've been in a global bear market for months and it will not end until things change, and that's for some time.