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RF Micro Devices Inc. Message Board

  • Gwtrot Gwtrot Sep 19, 2011 4:43 PM Flag

    Price and Volume

    There are two options here that I can think of here:
    The stock price is being lifted and held through the stock repurchase plan. Which makes sense if insiders get to start selling some of their grants or people are trading on non public information.

    There is nothing out there that justifies this price or the volume. The company just purchasing stock scares me more the trading on insider information. This will end and it will plummet. Any thoughts?

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    • End of march is was in high 6s.IMO the Employee Stock Purchase Plan has something to do with it. The first week of October will show unless of course the market plummets before that which is highly possible.

    • October 15th; that's good to know; gives this time to retrace. The candle printed today could be a bearish engulfing but needs confirmation with a down day tommorow. 6.12 to 6.28 would be a normal retracement. Light volume into those prices would be a screaming buy. The weekly chart is nice setup; but really do need the volume to dry up.

    • Neither. This price action is in anticipation of RFMD being in the IPhone 5

    • Maybe this is just simple-minded among these other ideas, but it just looks to me like somebody has come in and accumulated 12-20 million shares or so, willing to drive up the price to accumulate those shares. Could be anybody.

    • BTW in case you were wondering what comments I was talking about, my comments were under the topic 'ORACLE' earlier this afternoon.....

      Cheers

    • And yes I agree that the technical analysis is a bit unsettling....I mentioned similar concerns as yours earlier today as well. But even if it is a top, it will be a VERY short term top, in my opinion, to accumulate more shares and then blow right through $7 soon after. I'm no day trader so I guess that short a time horizon is of no significance to me...I'm staying in regardless; I established the last big chunk of my core position at $5.00. But good analysis 1.272, time will tell...

    • <<This will end and it will plummet. Any thoughts? >>

      I won't say you are FOS but I do disagree. Listen to the last presentation at Kaufman Brothers.

    • "There are two options here that I can think of here:
      The stock price is being lifted and held through the stock repurchase plan. Which makes sense if insiders get to start selling some of their grants"

      Ding Ding Ding! Give the man a prize....this just in:

      BRUGGEWORTH ROBERT A sold 53,062 Common Stock @ $7.01 per share.
      BRUGGEWORTH ROBERT A is a director at RF MICRO DEVICES INC (RFMD). This transaction represents a 3.9379% change in their holdings.

      This transaction became public at 2:08PM today but actually occurred on Friday.

      Important Notes:

      * The SEC allows changes in benificial ownership to be reported within up to two days from the date of the actual trade.
      * A >10% owner may be an entity of another individual/company/trust that as a whole owns >10%.
      * A purchase price of $0 indicates some sort of internal options plan rather than open-market purchase.


      RUGGEWORTH ROBERT A sold 80,712 Common Stock @ $7.00 per share.
      BRUGGEWORTH ROBERT A is a director at RF MICRO DEVICES INC (RFMD). This transaction represents a 5.7629% change in their holdings.

      This transaction became public at 2:08PM today but actually occurred on Friday.

      Important Notes:

      * The SEC allows changes in benificial ownership to be reported within up to two days from the date of the actual trade.
      * A >10% owner may be an entity of another individual/company/trust that as a whole owns >10%.
      * A purchase price of $0 indicates some sort of internal options plan rather than open-market purchase.

 
RFMD
7.99+0.04(+0.50%)10:13 AMEDT

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