I mentioned Spreadtrum (SPRD) stock back in January, when it was trading for just under $1.00 per share. I was watching it because it has over $1 per share in cash. Last Thursday, March 26, Samsung selected the company as a chipset provider for mobile phones. It's good news because the company's future customer base was in doubt.
Shares jumped from $0.95 on Thursday to $1.79 on Friday, but shares fell to $1.50 today. I entered into a half position in my China Fund, the positon is up about 37% from the $1.09 entry. Not great relative to other chip stocks, but not bad relative to the overall market.
Las Vegas March 2024: Visitor Traffic Up 0.4% YoY; Convention Traffic Down
37%
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From the Las Vegas Visitor Authority: March 2024 Las Vegas Visitor
Statistics
Benefitting from a mix of headliners and events from NASCAR to Madonna to
se...