It's possible that the new company does as RFMD/TQNT do and announce a reverse split to counter the dilution of the buyout.
Yeah, things didn't turn out too well for her as she decided to invest in Bernie Madoff's investment scandal instead of buying RFMD sub $5 lol
Yeah, my capital gains tax is going to be a beeeeyotch this year too, but paying a-lot in capital gains means you made A-LOT more in profit. The god thing is that nearly all of my capital gains will be at 15%. The bad thing is that our capital gains tax will be put towards paying db's EITC.
Yes Im a used car salesman. I was the one that sold you your shares of SKWS and sold you your $10 post merger puts lol
ANAD...I believe I stated clearly that this was a long term speculative investment...which it is...
Well DB, I sold 5000 shares today @ 15.83 before it continued to 15.97 and back down again. Sold 2500 yesterday @ 15.65, and bought it back yesterday @ 15.32, then sold again today @ 15.70....which leaves me with 2500 shares at a cost average of around 1.79 or so. Bought 2500 CY today at 13.10 and sold this afternoon at 13.41.
That being said, no it isn't sad....not for me anyway. I plan on re=entering fully on any pull back, or if it hit's 16 and breaks out I'll catch it on the way up....
What's really sad is that you shorted this stock at $5, and bought post merger puts at a strike of $10.
Now THAT is sad lol
Are you an idiot or something?? Stern Agee just raised their price target to $18 a share. If you think that raising the price target of a stock to less than what it's trading at that time makes perfect sense, then maybe you're the one that doesn't need to be investing.
Me? I just started trading this stock. I'm still holding 10,000 shares of RFMD at an average of 1.79 pps. I think I understand pretty well.
....announces their neutral stance but raises the price target to $12, nearly a dollar under where it's at now. How do you raise the price target of a stock to below where it's currently at???
I understand that. It was the same way with the RFMD?TQNT merger. Still, there will always be some that sell, even if it's merely profit taking.
CY surprised me with it's closing strength Friday. I bought several thousand shares Friday at, I believe, $12.50 or so (i'm not 100% certain at the moment) and sold it at 12.98 thinking it would pull back at the close, which it did for awhile...but sure enough..closed right back above $13. I've had good timing on CY and TSEM this week, having bought and sold both of them multiple times....but CY got the better of me at closing on Fri ( but not by much lol)
What?? So you're saying that you were advising post merger puts way back at the $10 mark, yet now the stock sits at $15.62 you're saying that you didn't follow your own advice at $10??? LOL....you don't even believe yourself. You must have RFMD schizophrenia.
Had you purchased RFMD at $5 a share instead of RFMD puts at $10 a share YOU'D be thanking ME now lol
After that gap up after the merger announcement it would be highly unlikely that there would not be a retest of some sort, It might be a higher retest point that I first thought (and that was based on candlestick technicals) but it will pull back to some degree. It will HAVE to. It will have to get the weak hands out of the way to continue a solid, steady move upward. Still, the stock is headed higher regardless.
.....well that's been the smart move since you shorted at $5. How are those post merger $10 puts looking LMAO
You may have missed the move up today, but it's heading higher, so there's still some time, OR buy back on any weakness