July 24, 2008

BUY TO COVER WFR ( MMEC ELECTRONICS )

Our insight regarding production glitches hit the bull’s eye when the company reported earnings and the stock dropped as much as $15 in the after hours.

Our insight in advance of covering in after hours also hit bull’s eye as even large sizes could be covered in thirties around $38.

The reasoning behind our opinion to cover after hours was based on Wall Street’s love affair with this stock. Today several brokers recommended buying and the stock moved to low forties.

… Please click here or the title below to read more.

July 24, 2008

BUY QCOM ( QUALCOM )

Settlement with Nokia is a major change. Going forward, not only there will a be major reduction in ongoing legal costs, but more importantly a major distraction will be gone. Further , it is logical that in due course NOK ( Nokia ) and QCOM cooperate towards higher per unit wholesale selling price. Since QCOM gets royalties on wholesale prices, this will be a major positive. About half of the revenues are royalties.

QCOM also gets license to some of Nokia technology; this will help generate higher revenues in the chip segment of the company.

Dip a toe in the water in $ 51 range, but build positions on any pullback in mid forties.… Please click here or the title below to read more.

July 24, 2008