la-idcc-fan, what surprised me most was that the stock reacted positively to Apple license news in mid december, and was trading very strongly until earnings came out, despite the company having clearly stated that the recurring revenue range was $360 - $380 million.
Just like any other stock, it is very hard to time and trade this stock.
I have been a very blessed shareholder since 1993, and am very thankful to management for taking the company where it is today, and the experts on this and prior boards for sharing their thoughts and expertise.
On a personal note, i had sold 10,000 shares last year (50% of my position) in the $65 range. When the stock hit $100, it felt as if after almost 25 years of patience, i had left $350,000 on the table.
Then this past Wednesday, worrying about the forward guidance, i sold another 2500 shares at $101. On thursday, after the earnings, i was blaming myself that having known the recurring revenue range, why did i not sell the entire position before earnings and buy it back 15% cheaper.
In the end, it is all about fear and greed my friend.
The stock was ahead of itself based on fundamentals. If we get ZTE, LG and others licensed, the recurring revenues will be in $500+ million range and the stock price at new highs.
We are very lucky to be invested in a leader in a high growth sector of the market (5G & iOT), with a strong management that has bought back almost 50% of its outstanding stock (down to 35.5 million shares), and has executed very well under very difficult circumstances (anti patent holder environment).
All IMHO.
