Ms Ruby, the wizzard of picking off the top on behalf of her management team, should e showing up in print in the VERY near future. Management waitied for the higher price (over 5.25) as they knew the results in advance. (We just have to read into it, their inactivity) So now Ms Ruby foes to work. I'd suggest that the forms have been filed and the exercise price is 5.64 +/- .01.
If that turns out to be true.
1. Ms Ruby and her management should be jailed for the obvious reason. (2 year high, 4 days after reporting)
2. It's time to exit RFMD in a big way despite the positive flavor of the near term.
JMO of course but it comes with 6 years of RFMD tracking. Could this time be different?
So Norm $ells 10,000 but still has 246K...thats cause for alarm?
Sell in May & the mkt down 70+ pts RFMD of the past would be down .15-20 today (still could happen)
Will add more...have a bid for 1700 at that magical $5.45 we couldn't get thru...come and get your McLovin
So here's the beauty of the stock market as it pertains to Exec Options.
Is the price at a 52++++ week high because of managements performance, or, are the slacker at the top in the right place at the right time.
If this heads back down to 5.08 then management gets an "out" my saying it's the sell-in-May phenom. What a racket this is. They slime-ball can't lose.
Now for the bad news. Where options is enough to anger a saint, it's the bonuses that'll be distributed that'll REALLY be an outrage!
Rick......you might be right. This time it is a tougher call. I would just say keep your hand on the trigger but watch. This could change tomorrow but I am not seeing the downside manipulation (at least right now) that we have seen in the past......any attempts are met with buying. So this might get "interesting" so I would hang in there with skepticism balanced with a little optimism ....... I am in a 50/50 position so I am going to just watch closely and see where we close today......$5.60 ++ would still mean to me "all systems go".
Bon. With all respects you've broken the 1st rule of investing. You said you were out at 5.50 but you appear to still be involved. For the time and wisdom that you profess you should know about the bulls-bears-pigs phenom.
If the "up" has been to load up on May-shorts, well, you'll deserve the outcome.
At a minimun you should have reduced your position by 50%. I'm sure you're aware of trying to catch the top. But did you protect your interests? Hope so!