Tessera Wins Again
I may be a little blind but I never knew about this company until fairly recently. Did you know that its technologies are in all smartphones and more than 100 billion semiconductor chips ? Pretty incredible. They're a technology licensing company rather than a manufacturer and have therefore wasted a lot of time and money in litigation over the years. They had a change in management in 2013 and have since negotiated deals with Samsung, Qualcomm, Micron and others. The pop on Friday came from another litigation win.
CEO had this to say in December : "I remain very optimistic about our growth prospects for our business going forward".
I am long the stock from $35 and think it offers growth at a reasonable price. The chart is showing good momentum via my favourite indicator Twigg's Momentum. I use the weekly Supertrend as a trailing stop.
CEO had this to say in December : "I remain very optimistic about our growth prospects for our business going forward".
I am long the stock from $35 and think it offers growth at a reasonable price. The chart is showing good momentum via my favourite indicator Twigg's Momentum. I use the weekly Supertrend as a trailing stop.
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