Has a nice base pattern. If it broke below the August low, that would be very damaging technically. Look for a retest of the June high. If risk/reward is better than 2 to 1, it’s a good trade to make.
Unfortunately, it's in a commodity market so it's difficult for them to make any excess returns. Treat as a trading stock but don't hold as a long-term stock.
If he were looking at a hardware company he would look more at some of the specialty chip companies. This company makes chips that go into broadband wireless devices. There is burgeoning demand for broadband data. There is very good growth there.
In almost every area that’s hot in terms of technology, so you are riding the edge of new technology by owning this one. One of the best technology companies.