9/19 Bought IPHI at $40.74
I don't remember how IPHI first came to my attention, but this is the kind of stock that has burned me in the past. On paper it's the best in the group - but it's only performing as the 5th best in the group. Am I smarter than everyone else? Why not just buy NVDA and count my cash? It's hard for me to buy NVDA with crap forward eps estimates when IPHI looks so strong.
I got an excellent entry as I used the support at the 50 dma to get in ahead of another potential buy point from the flat base pattern if the stock clears new highs on strong volume.