I believe Mario is still involved.
I'll have to look but I think I got some at 19.71 or 19.72 late day. I remembered to do "all or nothing" this time!
I get a buck or two out of these shares I'll punt them. I still have a decend sized long position.
Close his short?
Yahoo finally had enough?
I don't think he actually had an investment long or short. Just a blowhard that hated this company. Maybe his daddy was fired from CREE and mommy took the keyboard away?
Made this MB tough to read with him and way back his antoganizers, until you placed them on ignore.
I still have some shares long. Not doing anything though - adding shares or writing calls at this point.
Tomorrow may be an entertaining market day to watch.
My last post was incomplete.
I may buy at 12.00 sell a call for 2.00 and that call may be exercised by someone at lets say 1.00 which means I'd only make 1.00 on a 12.00 0investment in 60 days in round numbers.
However if IIVI goes up significantly - I have more than enough common shares to be happy - even if this particular trade doesn't do so well itself.
If IIVI goes under 10.00 I own some trading shares at what I'd consider a good cost basis.
Remember this is just a nimble trade for me, not a major investment.
Then again I don't have to do anything..and often the options spread makes the common stock bid/ask almsot look reasonable.
Nov OE should be after the next ER and annual meeting.
RSTI, IPGP, COHR, NEWP
NEWP is the ugliest - but nowhere as ugly at IIVI - all these are 1 year charts.
Compared to the others IIVI is embarrassing. None are exceptional, but IIVI is ugly.
Full disclosure I own a ton of IIVI, then about half that $ amount of RSTI and just enough IPGP to remember to look at it from time to time. And IPGP has only been the last year or so I believe and is the only one in the green!
Now IPGP is fibre, RSTI made an aquisition a few years ago aimed at Fibre, IIVI last I hear wants to make some components for fibre. Yes I still think it's fibre because the foreigners are ahead of us and they spell it that way. Perhaps someday US Companies will rule this segment and it'll be called fiber.
I have to admit, after years of underperformance and hearing the spin at annual meetings I simply don't follow as closely as I used to.
Atleast we haven't heard of an aquisition lately...
Someday all this diversification may pay off. I suspect I may be dead by then...
Depending on the market tomorrow - a friday after a slide - and how much play time I have I may cancel my order to buy a NOV 10 call(to see if it'll actually execute) and do a buy write at 12.00 with 2.00 for the call. If they get called away - not a bad return. If I keep them in round numbers my cost basis is 10.00 on some trading shares. Nothing big - like 5 contracts/500 shares, I already own too much! Just enough to have me pay attention.
I believe next ER and annual meeting in about a month, maybe a little more.
Good luck longs.
NOV 10's 100 traded today last 2.12
12.50's 241 traded today last .40
In the past there ahs been some unusual option activity(and very profitable usually) mostly immediately before the annual meeting.
So this is something to watch too...
I am trying to piggyback one of these trades, if it goes thru that will give me a better idea of if IIVI has bottomed and I may add common or calls accordingly for a TRADE!
Good luck folks.
I have my shopping list out.
Trying to pick price points and get orders in before market close - which could be ugly too - and might allow me to snag some more lots of stocks.
I miss jbacci!!!
I'd debating whether to start to nibble at 11.53.
I expect them to buyback, issue PR's SOMETHING before the annual meeting.
And I'd sell the trading shares I have not yet purchased on any bump.
And folks, don't anyone take the advice of any Yahoo MB poster!
You have to do your own DD!
And note that if I do buy some trading shares the only catalyst I see is wanting ot look less bad at the next annual meeting. NOT a belief in what current mgmt is doing.
In other words if I buy a little it's NOT an investment. ALL my remianing investment in IIV in well underwater.
This is a major reason to "scale in, scale out, online commissions are cheap" and NOT be afraid to harvest gains on stocks when they run. Had I never done that with IIVI I'd be really, really upset!
And any views shared and the reasoning behind them are always appreciated IMO.
The simple finviz chart now shows a double top near at 15.
14 to 15 is still nomans land for me...
I am long common, and some JAN 14 calls
There is a heck of an aggressive lower line on that chart too.
Remember I'm not a chart guy. But I do look at the simple finviz chart, MAXPAIN, other things like upcoming conference calls, industry outlook, and mostly fundamentals.
I'm still not adding....
I'd look for some PR propup releases soon.
Surely Fran can't be in denial enough to face the shareholders AGAIN and (I'll be generous here) mislead them again.
Sure wish Mr Johnson was still active. Yea - if we were him we'd likely have cashed in and left the company in someone else's hands, but this is really rediculous. At this rate Carl has to be #$%$ at the opportunity cost of the shares he holds with what Fran's leadership has done to the value.
Don't get me wrong, I don't know what the answer is, but we've had long enough with Fran to know he shouldn't be the answer.
I forget if Fran's background is accounting or legal, but it's very unlikely it had anything to do with sales or production IMO.
He almost had to come from the "overhead" realm rather than anywhere his performance could be measured.
I know if you measure him by any meaningful measure since he's been in charge it's plain old ugly!
If ANYONE has a different view and would like to discuss his hidden genius or something please post.
I'm not closed minded, perhaps I have overlooked something. I have held and followed this company for many,many years. From back when it was I dare say a great company(under previous leadership).
This also tells us that the BOD don't care or they would have done something these past several years after a track record had been established.
When I saw this I knew someone would post about it.
Yes I wish he held on to more shares.
But they are basically FREE to him.
I sell some shares from time to time to be prudent and my day job isn' t for KLIC.
If I were Bruno I'd sell some of those FREE shares too. I'd like to think you would too....
I couldn't get some sold quick enough above 15.15.
I would have potentially replaced those shares with the JAN 14 calls I own.
Often this seems to be the time of year KLIC runs a bit (along with a lot of tech).
Never hurts to book some profit though.
Let Bruno run the dang business!!!
Does a measly 4% pop make you happy?
Much ado about nothing the way I see it.
Now get the hack out of the way. Any attention to this superficial stuff is attention not spent on things that matter...
That is if you're a LT holder - or plan to be.
You may want to keep an eye on the options and MAXPAINS the next few expirations. Lots open at 14 and 15 strikes. Which tells me that this was a big yawn generally to the folks that play options. Infact not much activity today.
I make my money off the reactions of others. Hype on the way up, writing calls when I think it's overhyped.
So what moves the heard mentality - well - I kinda count on that. After I've done my DD and made my decisions and made my investment to begin with. Often I hold some and trade for many years - like here with CREE.
Perhaps you operate differently, this works for me, has for many years.
Much better than a dividend or worse, a stupid aquisition.
You trying to make our clowns jealous?
FYI if you deposit over 5k in a checking account the fed forces your local bank to charge you I believe it's 2.00/ for each additional 1k deposited per month.
Our "leader" and his folks have succeeded in injuring every who worked and saved.
Now some of us with small businesses have to pay the bank to take our money!
Yes - I'm one still expecting inflation like we haven't seen since Carter. Which is ironic because this guy has replaced Carter as the worst leader of this country in my lifetime.
And they want inflation. So the magic figure folks have in their minds that is the value of their house gets to that magic number. The general public has proved they don't understand economics by re-electing him. So they likely aren't bright enough to understand inflated dollars either. It's all about buying power folks. Inflation effects buying power.
Never put an academic in charge of anything that really matters. Or a community organizer.
I believe that you should have had to meet a real payroll before being allowed to run for an office. Our country would be much better off in my opinion. "reality based economics" from the ground level trumps the "I'm smarter than you" academics every time. And we all lliterally pay the price.
It's simple. You get less of what you tax - think businesses (new and existing), and more of what you subsidize (buying all of those votes - we'll be paying for many years from now).
When things "normalize" all us risk takers are gonna pay the price yet again. And the world is overdue for these corrections IMO.
I'm done now.
If you got yours for free. But yet your performance was like his and that it took TRUE performance to make their value go up - you'd dump them all immediately too!
14-15 is still nomans land to me.
Part of why I bought JAN 14 calls to flip quick given the chance.
Often tech seems to run up into the fall.
X and some others it did.