Spreadtrum Communications, Inc. (SPRD)

[nicmar]

johnson. For the last few months, I have been buying on the dips and selling on the highs and I have done very well since sprd had been running to near 20 and falling back to near 17 on a fairly consistance pattern.

I did however get caught a bit as I held through the earnings report where I had bought in the 19s and then came the dive. I would have been ok except in the recovery, I sold a bit too quickly because I felt the stock would again hit highs in the 18s. The highs just happened to be higher (near 20) than I thought they would be.

I've regained most from my high point other than maybe down 30 to 40 cents which can be easily recovered unless sprd takes a dive as I'm currently holding quite a few shares in the 18s. This one has been good to me other than the bad earnings spill. I am thinking about going for a longer hold on half my shares and trading the other half just in case this one runs to the 20s.

Hope you do very well and if you decide to trade a bit, best of luck on hitting the highs. Maybe hold some longs just in case. .. nic