So yesterdays ridiculous AH plunge to 71+ got me thinking. Is QRVO in that bad shape by itself to get killed like that or did it go down with the ship. So I got 100 shares in the AH at 72.50 just for fun. Sold this morning at 77.15, just before the rhythmic drop.
So, with SWKS beating and giving good guidance, QRVO was available in the AH for 76.50. I didn't do it as that's not my luck to pull it off twice. Still have my core position which may see some price appreciation over the next few days. But with this market ..........
My focus is that, despite China and AAPL and yada yada, the synergies of TQNT and QRVO have still not been fully appreciated. And with QCOM being in disfavor, it looks like QRVO and SWKS are the leaders in the area. I'm looking for a beat, then, SELL ON THE NEWS in the days that follow. (Unless management comes up with a dividend.)
BTW. Any of you yahoodies hold Amazon after the close? If so, Good For YOU!
Even though there's not a large short interest in LUV, someone had the wrong side of the trade AND the clout to gracefully get out.
It's called a "not held order" and it allows the exchanges to filter in, at their discretion, small parts of huge orders throughout the day. That way the owner of the shares doesn't have to dump millions of shares at one time and #$%$ the market. Also, these shares don't show up on the L2 board as trades so we never get to see the "actual size" of the Bid/Ask. (BTW L2 is essentially worthless anymore. Especially as it pertain to LUV. How can one explain only 300 to 1000 shares available on either side of a price point ALL DAY LONG and have 15 Million shares traded)
No, this is so very wrong. But our elected officials won't touch this issue as big money makes huge profits, and, swindles the market, through the ability to place not-held orders. We won't even talk about dark pools as that another topic all together.
So blame programmed shenenigans for todays' action. If ever I saw a manipulated day, it was TODAY!!!