I just bought MIPS at 7.89 for a trade. Hopefully this will work as planned :)
Good Luck! The problem with that is a stock that misses earnings usually bleeds for the next 3 days. You can tell when the knife stops falling by the volume. When the volume slows down to normal the traders and everyone that wants out is out.
Another way to handle ENTR is to sell at the open because it takes time to bottom out. Then you can buy at a lower pps and ride it up a little bit to offset the loss by selling at the open. The difference is ENTR didn't really miss earnings, it was a little of sell on the news and MIPS dragging it down. We should recover short term. Plus the shorts will cover if they think this is the bottom.
MIPS and BRCM stock holders are looking at the past three months and saying.."at least we are not ENTR". Sorry, but who cares that we are not as "Down" as other companies are? I only care that we are down again.