I'll edit this piece with information on last night's earnings from NetLogic Microsystems (NETL) a bit later in the day but it is being trashed on some amazing growth numbers. I will give this one a chance because the thrashing is only taking it down to support rather than through support (thus far). If it gets a lost worse later in the day or support is broken in the next few days I will be right back out. So far the 50 day moving average has held.
I'll begin with a 1.7% type of position. A break of $29 will most likely have me headed for the hills.
Earnings review will go here, later.
NetLogic Microsystems, Inc., a fabless semiconductor company, engages in the design, development, and sale of processors and integrated circuits. The company offers multi-core processors, knowledge-based processors, 10/40/100 Gigabit Ethernet physical layer devices, network search engines, and embedded processors to develop systems used in the Internet infrastructure, including the enterprise, datacenter, metro, edge, access, and core networking markets
Long NetLogic Microsystems in fund; no personal position