I took some abuse on this board for selling at 136 back in May- but my reaoning was that the money was going into RFMD which had been hammered due to a comment by Nokia. RFMD nearly doubled for me in that time before I just sold it. Now I'm using that money to get into a BRCM 2002 option-strike 160 priced at 37; and CNXT- which similarly to RFMD's position in May is severely undervalued. Look at the forward PE for CNXT and see if any other chip maker with their kind of growth in wireless has anywhere near CNXT's PE. They are beating estimates by huge percentages so the forward PE's will be forced even lower if this continues. GO BRCM- GO CNXT- My top two picks with RFMD not far behind!
but it has'nt made the move upward that we all were anticipating. All the major telecoms jumped last week and GBLX lost ground. And then they announced the $1 billion offering od sub-debt. What was that all about?
I would like to hang with it for a little longer; do you have anything convinsing to add?
Your specificity is remarkable. Could you please elaborate. What is the information? From whom did you get it? When did you get it? Why did you post it, as you would make more money if you alone short the stock? Does the SEC know about your allegations? Do you think they will care?