I've been out of RFMD for many months now but still watch the antics of the pukes as they deal with RFMD the same way today (and yesterday) as they have for about 6 years.
It's no longer uncanny, but rather it's now a forgone conclusion, that any news releases about RFMD products, when RFMD is in the 5.3X area, will be met with a contrarian movement the very next day. And so it happened again, yesterday. A suggestion that RFMD has a significant win into a (Samsung?) new product had the price escalate through the day, and close at the high. (S.O.P. #1) The head jerk that happened this AM at the opening was as transparent a saran wrap (S.O.P #2). This was of course followed by a day-long drubbing of the share price (S.O.P. #3). And there you have it. The umpteenth time that a positive news release was met with a DONWER the very next day.
The only thing that's missing (S.O.P. #1.1) is the Form 4 filings by Wizard Rudy that she sold X number of shares at the top of yesterdays action, or, snaked a few thousand at the peak in the opening half-hour of today.
At this juncture I see this a comedy as I'm watching from the bleachers. (The sidelines are dangerous as one might be swayed to re-enter this game-played-equity.)
Carry on (And hold on. But better yet, move on.)
The CC didn't offer anything earth shattering. The numbers will speak for themselves. I'm glad that Eric knows that institutional investment are the ONLY thing that'll move the stock upward. He did comment on the "quality" (my word) of historic institutionals, all of which are in RICK for the short term.
So I guess Eric, you need to make the company more attractive to the institutions. With 90% of investment bankers being male, and, with you owning a boatload of T & A shops, certainly there must be a working formula there somewhere!! (LOL. Only kidding)
On the serious side, RICK needs to make a dividend available to the share holder. Even a 1 timer would be BEST as RICK wouldn't have to commit to the constant payout of recurring divdends. In addition. if the dividend payout works like a normal dividend distribution, the holder in the SHORT position would be responsible for paying OUT the dividend. (A way to disuade the playing of RICK)
So. Not a bad CC. The numbers are yet to be seen. Good numbers will get RICK into the 12's again. I can#$%$ a trip to the 9's as I firmly believe that a base is being formed in the range of the last 2 weeks. Time will tell. But my mosty important observation to share , is, the reason any intelligent investor would be in an equity. That is, risk vs reward. I'm of the mind-set that the R/R ration favors a price escolation as the new ventures are creating a lot of interest and FCF. I'm not saying this will react like CMG but I do see it catching on.
Good luck and carry on.
Gotta love these market pukes. They can manufacture a .25 to .40 swing on demand each day. And close the price near the opening so that no one knows the wiser. They make bank and retail stays clueless. (Except for me that is) But what can anyone do? Trying to guess the direction is suicidal!!!! And tp stay long over a 5 day period is to appreciate a net change of ZERO.
Gotta love these pukes!!! Wonder if they have managements blessings?
How silly can some responders be?? If I was to post a gloom and doom findings they'd support the heck on my writings. But since they price still needs to go down (in its / their positions) they have to appose my observations. Should it be any other way?? Of course not!
Lawsuits are substantially covered by insurance carriers. That's why companies pay their premiums. But nice try.
The slow grind downward was not unexpected. The meortic rise was the front part of the game. The slow drop is the other side. It'll keep happening as long as retailers sell into the drop. (The game can't be played out without the narrow-minded panic of the small investor).
So here's how it works. Some clown (1 0r 2 of them t the most) placed an order in that's good for the day. The price is open-ended as they leave that to the market maker. This way they don't have to anticipate the price, and, they don't have to pay a "per-trade" commission for each of the 100-to-300 share blocks that go off each day. (***do you really think that someone is paying $8-10 for each 100 share trade???***)
It's all a game. So be patient, don't bet the farm. The gamer will change direction in the near future as the numbers will support a higher price from here.
The question is, How deep is management into the play.
Equities DON'T act like ATML does in an efficient market. I a gamed market this type of action happen all the time.
BTW. These last 2 days are NOT a new event to ATML as it hasn't traded on ANY fundie in the last 4 years!
7.35 IS the gamers personal pivot point. Don't believe me? Pull up a 2 year chart and see just how "coincidential" 7.35 really is.
The good news (time unknown) the reverse of the reverse will occur and the blind will jump in again to create another Mo-play. "So it is written, so it will be done".
It's all about the volume. As it stands about 3 weeks ago, RFMD had 50 MILLION shares to cover short between the price of 5.60 and 5.25.
The volume hasn't fully covered yet but holders of RFMD should see a flatline in this POS equity around the 5.08 level.
In case you haven't seen it, RICK has been recently played to a huge upside momentum "PLAY".
A smart investor watches the volume spikes near the top as it's a tell tail sign of a reversal of position by the major "holder" (cough-spit-wheeze). As that positions was reversed the gamer get to appreciste the gain on the down side as the ignorant panic and sell into the natrual play to the down. It has to be slow and methodical as 1: this is a low float equity, and 2: a rapid down would show their hand. (Not that 6 straight weeks hasn't confirmed it!!!)
You on;y needed to see the "blow-off" volume at the top to see the immediate future. Let this be a warning to you for this equity or any other one as yo move forward in your investment education.
Here we go again.
Prior to the meortic rise in RICK there was one player that day traded RICK within a range. (Maybe 2 at the most as one gamer had to have another gamer to complete the trades) Well the shenanigans are on again. It's back to a day-trade play that ultimately goes nowhere in the short term.
The good news (Hopefully) is that the current price is now at 1/2 the gap up, and will settle her as the new base.
I don't want to feed the play (and it's possible that this post could do that) but if the price breaks 10.30 on ANY volume, then say good bye to the 12's for a good, long, time as the "spike-game" will have been completely played out.
**Notice that any reference to fundies have been knowingly omitted from this post as they mean nothing in this market, this stock.**
For those that believe in technicals (I personally don't) look at a 1 year chart. Place the 20, 50 and 200 day against it. It doesn't take a chartist to see what happened the last time the 20 met the 200. (A freak occurance BTW given the short time-frame).
Just thought you'd like to know.
I've been watchng this POS stock since I've stopped posting a while back. Since that time RFMD has miraculously seen the low 6's andthen retreated (Surprise-surprise) back o terra firma 5.25.
As a fiddle is played only within a known range, so does RFMD as the $$ that can move he direction (and the blessings from management) are as predictable as the day is long.
It waqn't surprising to see 4.86 again as tha's always been the channel bottom and a "safe-place" for thepukes to retreat. And It's equally as uncanny that 5.25 is another resting place to reload upon.
So what's changed in the many months since I've visited this board? Nothing!!!!
Monrio still adds valuable insite to the goings on.
Spec is still a dpsht. The other losers who believe they can sway opinion through constant negtive drubbing are still beating their head against the wall. (Thick skulled nutjobs they are!) The pukes still dictate the direction of this gamed equity. And most imprtant, Ms Ruby, the snake of all snakes, still possesses her expert timig in being able to time the regional high of the market and to sell those free options on behalf of management. Some would say she has super-powers. I just see her as a super-snake with inside information and the appropriate connections t pull this off. Amazing way a financial and legal background can do for some friends.
As always, Carry on!! (And they d and she will)
Notice that a VERY recent upgrade was placed on ATML. The very next day, despite the management owner purging a boal-load of shares, that very smae loser sold another 1+ Million worth of the companys shares. Note that the sale happened the day after the upgrade, on, a day where ATML had a HUGE up-day!!
Once again it's uncanny timing of the market. NOT!!!!
I'm only a believer of conspiracy theory if the theory is factual. And this one IS!!!!
And WHY can't this be seen by the SEC???? (Rhetorical, no answer required)
ATML, the stock, exists only for the goof of market shenanigans. It's a trading toy for those who can move the directions at will. That's not a new finding but rather a well know ploy of the price. Now enter a Not-so-Stealth play by management in conjunction with an anal, and there ya go. A stagnant price for retailers and a bonanza for management and the anal firm.
All upgrades MUST be viewed with the highest level of scruiny. (Especially seeing the performance of this equity over the YEARS!!)