I've sold 65% of the remaining stake (we cut back a large portion of this position last week to protect our profits, as the stock broke the 20 day moving average) in the $34.20s. The chart remains far superior to 90%+ of individual equities with a limited pullback despite the market carnage last week...
In a sideways or trending up market, I'd most likely jump right back into the stock tomorrow once the coast is clear, but this market has me cautious so we'll see what the environment is like... keep in mind Apple (AAPL) reports tonight as well and it will suck up all the oxygen in the room.
Atheros Communications is a global leader in innovative technologies for wireless and wired communications. Atheros combines its wireless and networking systems expertise with high-performance radio frequency (RF), mixed signal and digital semiconductor design skills to provide highly integrated chipsets that are manufactured on low-cost, standard complementary metal-oxide semiconductor (CMOS) processes. Atheros technology is used by a broad base of leading customers, including personal computer, networking equipment and consumer device manufacturers.
Long Atheros Communications in fund; no personal position