At this point I'd like to see the stock make a new recent high, i.e. over $6.50 before adding back to the position. If it cannot, we'll just dump the last remaining 0.1%. For whatever reason, the market does not like this company much right now - despite what appears to be relatively solid fundamentals. However, you can see another stock building a long sideways base, from which it will eventually move sharply one way or the other. Yesterday it looked poised to "break out" to the downside, today - back to the top end of this 6 week range... how quickly things can change.
- Radio frequency chip maker TriQuint Semiconductor Inc. raised its fourth-quarter earnings forecast Wednesday, helped by better-than-expected sales. The company now expects to report earnings of 9 cents to 10 cents per share and revenue of $190 million. Excluding special items, it expects earnings of 12 cents to 13 cents a share. That's up from a previous forecast the called for adjusted earnings of 10 cents to 12 cents per share and sales of between $175 million and $185 million.
- Analysts, who typically exclude special charges from their estimates, expected earnings of 11 cents per share and sales of $180.9 million, according to a Thomson Reuters poll.