California Micro Devices (CAMD)

Company

"California Micro Devices Corporation is a leading supplier of Application Specific Integrated Passive™ (ASIP) networks and related analog semiconductors. Within the company's broad product line are highly integrated solutions that ensure signal integrity, EMI (electromagnetic interference) filtering, ESD (electrostatic discharge) protection and smart power management for a broad spectrum of computing, communications, medical and lighting applications." (company website)

Buy

24-Jun-05. This is my second lot of CAMD. I first took a position in CAMD when it just broke the downtrend. It has been pulling back now for five consecutive down days, kissing the 50-day moving average. At the close of yesterday's session, CAMD stabilized at about $5.20 on a big down day, and held that price through the first hour and a half today, so I bought at $5.20. The price held through most of the day until a sharp dip and then a rousing rally in the last 45 minutes of the session to close 19¢ above my buy price with four times normal volume for the day. That puts it just 10¢ below the average share price. This looks like almost perfect timing for the second buy (knock wood).

Sell

12-Sep-05. CAMD recently jumped way up in price for no apparent reason, almost to a new 52-week high (see sidebar). But, since it has been losing ground since then, I decided to sell this lot to lock in tidy profits. I still hold another lot bought in July.