IMO tech bounces based on the action in AAPL, OVTI, SNDK and other techs over the past week... SIMO I believe will hit 10$ in 1 year, and has been basing at the mid 2's for a few months. What we have in the stock is the classic non-selloff on earnings, which usually portends a rally...

g
p.s. this is not a 1-2 day play, more like a 2-3 week play, so don't be surprised if nothing happens for a while.