TWLL at $14 or lower on pullback

Not all chips are created equal and this is the one we having been following since its earnings bump recently. As much as we like to keep from the techs we have grown to hate, this one offers a slightly different twist. Its one of the few to make it out of Silicon valley and try out the market. A recent Ipo, never a easy thing to trade it showed up on screens with a .15 v .12c Q, nice revenue growth. It pushed quickly to $14's and has since pull backed and now is sitting back at the recent top. The volume has avg 50K a day on this last leg up, a volume kick is all it seems to need for a break. A pullback is even better but I don't know if it will happen first. The difference between the typical chips is of course the float (just over 10MM) plus its specializing in some niche chip markets such as security surveillance, many video toys for cars and not just the very busy LCD TV market. The chart looks good but the sector has to be watched, along with the games ipo houses will play if/when entering into a position.