Hope the readers of this board read the tea leaves. RICK is behaving nicely as the money moves this equity into earnings. The rhythmic decline after a 450K share day was the release of the acquired short position (of which the bulk of the 450K was SHORT).
The market pukes who have money aren't stupid. The next wave is obvious. Tomorrow is the opening of the much anticipated Rick's Vivid. (Thank you RICK for taking my suggestion for aligning with a brand name in the industry!!! WHERE'S my royalty!!!!??? I do digress. With the opening comes VIP and hopefully whale-sorts that see fun, good entertainment, great eats, and, a place to invest. RICK has to pull off an opening that'll make it's patrons' ask if this is a public company. Here's the good news and the appropriate answer. Yes, it's public. And the recent price is pretty low relative to it's recent price after earnings. So the pukes have pulled the price back enough to make "new entry" look attractive. If you bought this in the last 2 days (as I have) you just might appreciate the ride back up.
Good luck with the opening. Hope you guys do it right for ALL concerned.
Does anyone think that RFMD trades on it's fundies???
The cash value of the company, as it stands to make 305M this Q, is FAR LESS than it's worth 1.5 years ago when the Q's were in the 280s.
The only good news about the recent events is that it was advertised by the pukes so taking advantage of this plummet has actually been profitable. (After 6 years of watching the sun come up and then go down at night, you can predict the outcome. LOL.) The other silver lining is that ALL the techs are getting hammered. Once can easily predict that this action is preceeding the upcoming earnings / forward outlook. But the pukes have been WELL KNOWN for manipulating the price down so they can accumulate at the sale price. (Not rocket science)
So enjoy the drop. It's been easy money for the last 3 days. This will be my last short play as the risk / reward for a continued plummet has reduced.
I disagree (and this is painful, trust me)
I'm NOT a fan of the share sales of the officers of this (cough, choke) company. But the 50K shares from Bruggy was a rhythmic, first-of-the-month, sale that this jerk takes. Over a year that averages to a QUARTER-MILL times 12. And that's just this idiots' stock sales.
So it's not a "dumping" but rather a status-quo, as sad as that is!!!
The 450K+ volume at the current high did incorporate a HUGE amount of short shares. What RICK is suffering through now is the rhythmic closure of those shares. Unfortunately, the process is dirty and not without collusion. The good news is that this was a KNOWN event that even Helen Keller could have seen. The bad news is that a companys' shares shouldn't trade, in an efficient market, as it is.
One can only hope that ANY officer of RICK has distanced themselves from any collusion or manipulated buy/sales. I'm writing this now as a foot in the door. For, if any of the officers are implicated in ANY illegal dealings with the company or it's stock, I'm NOT going to enter into some class action event but will endeavor a suit on my own.
AT the time of my initial post early this AM I pulled the trigger on the OBVIOUS imprint that the pukes let out. 2K shares short and .15 later makes for a good trading day. I'm of the belief that you can't get rich on RFMD in a single day, but, you can read the tea leaves for incremental gains.
BTW. Tomorrow has already shown it's (pretty / ugly) head. Looking forward to the next play by the pukes.
Bumped. Just in case there's a returning nut case out there that likes to play on this board.
BTW. It takes seconds to bump a reply whereas it takes about 15 minutes of ones like to create a copied post.
Get a life!!
Someone wasn't happy with me exposing the play of RICK's stock price. Notice the shananigans of some idiot as they repeat a copied post over and over to get the intelligent posts OFF the front page.
But guess what knucklehead. As fast as you can create a copied thread, I can bump this to the top. BTW. Get a life!!!!
So the skinny hs been exposed. The price/volume action of the last 5 days is EXACTLY as professed as the "buy it up, sell it off" trade between VERY FEW is obvious. My only question is why and how the market makers can make an efficient market out of this. (2K shares moves it up 10 cents and 100 shares plunges the price. Go figure.) Sounds like the SEC is on top of yet another play-on-equities. (NOT!!!!!)
Good morning RFMD hopefuls. Well the early morning pattern/volume suggest another 30 degree down day. As the pukes are pukes, and, the floor of 4.7X looks to HAVE BEEN historic support, the pukes will take the strength in numbers. (THEY have money) to tank RFMD to a new multi-year low. Unfortunately (sorry Monrio) it'll have nothing to do with earnings. It'll be "because they can" and nothing else.
Sk Wilson has it right. The ONLY reason to hold RFMD is for the sale value should someone want to buy these losers out. Perhaps a private equity firm can see the value in milking the companys' stock while mascarading as a company.
Remember, RFMD never goes down slowly. It PLUMMETS.
How sad for those that hold this POS, 5.26 wasn't too long ago.
Idiot!!! There were already 105K traded prior to your ridiculous post. Are you dealing in dark pools or a alternate planet? Jerk!
As I've posted numerous times, there's but a VERY FEW market pukes that games this equity. And that's fine as it's our job to crack the code. So comes today, 1-6-14, the first full week of the trading year. By 1PM there's ALREADY 110k SHARES TRADED ON THE CONTINUED DOWN TREND. Seems like the bulk of the 450K shares traded near the Q reporting (The majority were shorted!!!) that today is either a re-load of more short shares for a continued down, or, a change in position for the catapult up. What's it gonna be?
What I can share, and, what is obvious to even the blind, is that RICK is traded between very few for their and ONLY their mutual benefit. I pray that ANY insider stays as far away from this game as possible. If it can be seen by me it can be seen by those that would love to see the death of RICK (eric) empire. And what better an equity to "take out" than a tippy bar business. So stay clear insiders!!!
BTW. The slow and agonizing drop from the reporting highs was as broadcast as a train coming. The question is, at what point will there be capitulation (today might be it) so the direction and reverse, again.
"You can't have a quality company without quality investors". (Copywrite protected: Me)
You are one clueless individual, or, are Ms Rudy herself.
And try THIS on for size. Before you blindly and make unsupported blanket statements about the "performance" of the officers, perhaps you should look at the 6 year performance of this so-called public company. And it's not a matter of "getting rich" (although selling 50K free shares for a total of a quarter-mill ISN'T chump change) it IS about sharing the gains, if ever. As I've mentioned countless times, but, can't be understood by clueless clowns like yourself, look at the 6 year chart and show me where the growth is!!
As for "well timed" sales by insiders (orchestrated by Rudy, again). There's a fine line between well-timed and insider information based trades. I hope that snake rots in heck as that's where serpents like her belong.
As promised, Ms Rudy strikes again. AFTER the close today, the FORM 4 was released. Filed today but the sale was executed YESTERDAY!!!!! That's the bad news. The worse news is:
1. Somehow that snake managed to watch the ticker and sell 50K at 5.07(fractional) within the first 25 minutes of yesterdays' opening. That 5.07X was VERY CLOSE to the high of the day as the 30 degree downslope played out for the remainder of the day.
2. As Ms Rudy worked her MAGIC AGAIN for Bruggy, it'll just be a matter of hours (no later than Mondays' close) when the rest of the weasel-work will pop up.
I'm astounded as to how this same person can play the same game over and over and not have anyone act on her shenanigans. Perhaps it's the legal background she possesses that allows her to snake in these trades under the (legal) radar. BTW. Being legal doesn't make it any less snake-like. Nor does it place ANY confidence in the owners of RFMD that the company exists for them. No!! Year in and year out the same game gets played as she, being an insider, is privy to the goings-on behind the scenes.
Rest assured that RFMD's price will NEVER substantially move upward as the antics of Rudy are well know throughout the investment community. Why stay in for the long haul when a snake "cherry-picks" the price for the good of management. Institutions can't get attracted to this POS unless they are (and they ARE) part of the game.
This has to go with my next post as Ms. Rudy obligates me to write this. See next post entitled "RFMD game fulfilled, Thanks Ms Rudy"
Gee, this almost makes me sound like I have credibility. (Or, the same game is played over and over. Or both???) LOL.
It's been 6+ years now and still RFMD is played like a toy. About 1.5 years ago I smartened up and studied what the game was all about. I'm not hitting this toy at 100% but, a few timely trades has made 2013 a profitable year for me on this POS.
I'm looking for tomorrows' action after todays 30 degree (down) slope. You can actually watch the slope materialize if you know what traits they show us. Things that should have happened after a 13M share day:
1. RFMD SHOULD have purchased a few hundred thousand shares in an approved buy back plan. It's not going to get much cheaper than 4.8x (That number keeps coming up, doesn't it? LOL)
2. The volume is usually 17M shares on "game day" but only 13M were traded. Certainly there was ANOTHER changing of the guard as a major player exited and another player entered the mix. MOST of the action was TAX BASED as the profits (Ha Ha Haa) were postponed to this year. (Or did I mean capital losses, again!!)
3. Dumbunny (DBR the nitwit) will be wrong again, still, once more. He's of the blinded belief that the cell phone market has reached it's peak. What the dummy needs to understand that there are other products out there that need to communicate. It's NOT just about cell phones knucklehead!
4. My biggest concern is that The Wizzard of Wall Street (Ms Rudy) will have struck again on behalf of management. I can't wait to see how she spun this one!!. On one hand she has year-end tax concerns for her insiders. But then, look at today!! A 6% haircut that "nobody" expected. I wish I has SEC executive orders to look into the form 4 dealings that come from her SOON!!! If I was a wagering man, I'd say there is a BOATLOAD of past-posting sales that'll hit the wires very shortly. Of course there'll be a slew of sales by management, dated 12-30 or 12-31 at a price in the mid 5-teens. Now the good news. Cont. on the next post.
So here's the skinny on the Odd Lot topic. There's always been those smaller lots that've gone off. The issue is that the SEC had never mandated their posting. About 2 months ago (someone can research the exact date) it is now regulated that the small lots (less than 100) must be shown as well. I sympathize with the poster who just today had made observation about this as I was curious myself. A Schwab broker (at the 3rd level as the 1st 2 brokers were clueless) shared what I was observing. And BTW, it's NOT a RFMD thing it's across the entire market. The real kicker is that the individual "smaller lots" will add to 100 shares, 90% of the time 78-22, 64-36, etc. And this game has been played for years. It's just now visible. But your level-2 setting has to be such that the readings are in 1=100. That way the small lots show more obviously as they come across, bracketed.
So we'll continue to see trades tick off like this for years to come. But it's important to remember that in this program-trading world, the market makers will still keep track of the inventory on each side of the trade so that they can better game the system. One hundred share increments allows for micromanagement of the inventory and direction.
.... that's a great question. Remember, this isn't a large float stock , and, it's only traded by a VERY FEW institutions!!! SO that means that today was either a kindful gesture by the major players to hold the price in check, or, they're gathering short accumulations so they can reverse the price, AGAIN! Make no bones about it, todays' price stagnation was purposeful as 1/3 of yesterdays volume was traded.
The problem is, which way did they go (In a Bugs Bunny Cartoon tone). As retailers don't know the play until it's being played out, you can either guess, or be reactive when the identity of today plays out.
If you're like me, you closed out 1/2 of your position at yesterdays and todays' top and either wait for the pullback to the 1/2-gap-up retracement, or, sit tight and wait. Perhaps "real" investor sentiment has fallen upon RICK and the stock price just might be ready to behave like a growth stock.
No one should be surprised at todays' 135K day and essentially a flat price. It's simply a set-up-day(s) for the week that follows.
I'm thinking that there's an outside chance that Eric will get ahold of this post either directly or otherwise.
Early into the CC it didn't take long to realize that the bulk of the questions were negative in their intentions. I don't know if there was a large short accumulation being gathered into the Q report but it was VERY obvious that the questioners were looking for gaps and slip-ups by Eric. I guess if the CEO slips up then that'll lead to a stock-tank the next day. I, for one, did not interpret the tone of the questions to be that of fact finding. I saw it more as set-ups for Eric to fail.
That being said, and, the negativism most likely could have been anticipated, I'm at a loss to understand why Eric had to be chief cook and bottle washer for this presentation. The CEO is responsible for a lot of things but NOT everything. The first 3 questions were met with an "I don't know" answer. Another he had to "look up" but was saved by Alan after Eric scrambled for a bit. And each question was answered by Eric and only Eric, with that 1 exception. The questions were:
Legal (Current and forward litigation)
And a few others.
I'm not saying that Eric shouldn't be informed of all, but, the presentation came off as sophomoric (2nd rate, poorly prepared, novice, pseudo professional). Here's my thoughts for a more complete and professional presentation the next CC.
Have a few of the top brass at the table to present a unified and KNOWLEDGEABLE front. Have questions addressing the legal aspect be answered by one of the legal team. Have the finances be answered by the CFO. Have Eric there as the figurehead and to present useful information, but, NOT EVERYTHING!!! This is a multi-million dollar business with huge growth plans. The company did not come off as mature and prepared for growth when all we see is a one-man-band. There were just too many fumblings and hiccups, not a smooth and informed presentation.