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If they come in with decent earnings and have good things to say about the future then this stock should be in good shape. If new products continue to come out and the new ones do well this stock should be 35-40 in a few months. The turnaround in the semi's is nice and as long as this company can come in with decent results it should do well. If results are poor then who knows.
The stock broke out today on just under 3 million shares. Based on the recovering book-to-bill and the lack of other hot groups in this market, it is poised for a move from 23 to 25. If it passes resistance at that level, it could run to 30. All the stock needs is positive group rotation toward semis. I think it might have been added toi Morgan Stanley's buy list late last week as well.
There has been a lot of talk about 30-35 per share in the industry. The earnings will tell the tale this week. I still like this company and will hold it. Does anybody know what day this week the earnings will be out??