Ardent, Thanks for the reply. I guess we need to know the time frame that Sherwood is interested. My main point was that he mentioned that it "looks to want to bust out" or something. I was just saying why not wait until after the weekend and then buy the "bust out" if it happens. I got the impression that this was a daytrade to take home and it would not be held much longer than the morning.
You know trading is hard. I would like to see more folks call each other on their trades if they disagree so we can all possibly learn something. I just learned something from your post. It is always nice to look at the long term perspective and to hear from someone that does.
Also re QLGC...they just finished a 100M stock buy-back..and announced their new CFO. I think some of their OEMs are gaining traction this quarter...and analysts are doing their channel checks as we speak. They are speaking at two conferences in the near future. I'm back in after selling at the 48 area. They have some of the most trustworthy and competent management on the Street.....IMO.