Spreadtrum Communications (SPRD) ….
The company was recently on the hit list of some of the rumor mongering short sellers that have created havoc with many Chinese firms. The outcome of that recent hatchet job appears to be a panic sell-off with a quick recovery as soon as it was shown that the accusations had no merit.
This is a name that has long been on our watchlist and was recently added to TDIMG Portfolios – even though the overall market trend is not very conducive to buying or selling any stock with total conviction (as would be the case with an uptrend condition).
Below is the Horowitz & Company overview…