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Smith Micro (SMSI) continues to succeed. While the stock is down over 30% from its 52-week high of $6.90, the stock’s YTD performance (143% from $1.94) and 52-week performance (121% from $2.13) far outpace the market. However, while SMSI reported stellar Q3 results that matched their prior guidance and beat analyst expectations, investor hopes were clearly exaggerated by the unexpected Q2 blowout. The resultant selloff now presents investors with an impressive opportunity to