Wednesday, April 05, 2006

Conexant (CNXT) up 25%

I own a few shares of Conexant. Nothing crazy but worthwhile for a guy like me who buys stocks just to make the workday more interesting. Shares have risen something like 25% over the last week. If I cash out now I will do pretty well in regard to my return on investment percentage but can it go higher? The last positions I held took off close to immediately after I sold them, as if me selling 200 measly shares is a catalyst to shoot to the moon. It's actually pretty damn irritating. Anyone got any takes on CNXT? Homeboy Jim Cramer says:

"Conexant (CNXT) is benefiting from a strong market for cable modems and should "breach $4 within the next couple weeks," he said."

Do we believe him? Please advise.