RF Micro Devices, Inc. (RFMD)

[Dredinvestments]

lol...no once you get in it will go up!!! i believe in you..lol

[eastunder]

I actually like RFMD. I have owned it back and forth for a very long time.

I'm not looking for a quick gain like one would be in a flip.

I like to stay around for a bit and since I'm just starting the build on RFMD again - I won't be selling anytime soon. I need to get that position built up first before I start taking gains.


Good luck on the flip!

[Mackhack]

I'm shooting for some $5 to $5.50 before I start flipping this again. But like I wrote before, I have a feeling, if I hit that price range and once I'm in, it will drop even lower.

GLTY and as always Go $RFMD

[Dredinvestments]

Sounds good Mack thanks

[Mackhack]

Has to come more down to make the flipping worth IMHO.

[Dredinvestments]

lol..flipping it... what are your thoughts on the company?

[eastunder]

Define "Playing".

[Dredinvestments]

are you playing this?

[Dredinvestments]

Looking for a good bounce

[Mackhack]

Indeed. I will wait for another 5 - 5.50 range. Won't miss it. But I have the feeling it will drop even further then once I'm in.

[eastunder]

Nice drop today, Mack:

[Mackhack]

How is eastunder doing? :)

I wasn't really able to follow and missed a great opportunity at the $5.50/$5.75 range. Anybody took advantage of these prices?

[eastunder]

Oh joy!

Back in the 6's.

[eastunder]

I own it again, but in just one set. I plan to add many more, but not feeling the need to do so right this moment.

Sometimes I'm just not in a big hurry. I kinda like hording cash right now....so all buying has been halted.

[Mackhack]

I don't hold any shares anymore, so I could care less whether we see 2s or not. I mean, hey 2's really look good if we get a chance to move back to the 7s again :) And I think we will see 7s again.

Right now stock prices don't reflect the true value of its company anymore, it's pure political crap what we see right now.

[eastunder]

Lets hope you don't get that opportunity. :)

[Mackhack]

Two's would be a gift but it would also raise concerns about RFMD. But I guess I would take a bunch of 2's :)

[eastunder]

RFMD

[eastunder]

Yes, I think that is possible.

Heck - I think 4's are possible:

And Don't even get me started on the 2's.

The reality is ... Anything is possible! Right? :)

[Mackhack]

Thanks for the links eastunder. Well maybe we will see a good entry point again soon. Do you think low low $5's are possible again?

[eastunder]

A couple of interesting articles:

The momentum of a market correction, on top of an existing sector/industry correction, is never a good combination, imho.

Telecom Sector Has Consumed Positive Triggers - Correction Looms

11/17/2011 @ 1:40PM

http://www.forbes.com/sites/terokuittinen/2011/11/17/telecom-sector-has-consumed-positive-triggers-correction-looms/?partner=yahootix



The New HTC Warning is Massive

11/23/2011 @ 9:11AM

http://www.forbes.com/sites/terokuittinen/2011/11/23/the-new-htc-warning-is-massive/?partner=yahootix

[Mackhack]

GM everyone,

What a steady decline of PPS over the last 14 days. Is it the overall market situation that drives the PPS down or do you guys have any other idea?

[eastunder]

RFMD

11-10-11

currently 6.93

[eastunder]

FMR LLC Raises Stake in RF Micro Devices, Inc. (RFMD) to 13%

1:06 pm ET 11/10/2011 - Street Insider


In a 13G filing on RF Micro Devices, Inc. (NASDAQ: RFMD), fund FMR LLC disclosed a 13%, or 35,927,068 share, stake in the company.

This is up 2,659.16% from the 1,302,100 shares held at the end of the latest quarter ending June 30, 2011.


http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7898816

[Mackhack]

This market is so unpredictable it is not even funny anymore :(

[eastunder]

Maybe?

[Mackhack]

Do we see $6.50 or even $6 soon? Crystal Ball anyone? :)

[ICEQUITY]

RFMD chosen as one of 2 Analyst-Recommended Semiconductor Stocks...http://editorial.equities.com/technology/analyst-picks-semiconductor-stocks/

[Mackhack]

50 day would be my first attempt to get another starter position for the next round. But 6's really look good :)

[phrantic]

Thanks EU. This market is perfect for options, haven't had to hold the last 10 plays for more than a few days. Play them up and down.

[eastunder]

That's very good - and swift...which is cool.

Kudos!

[phrantic]

I'm out, not greedy, took 25%, that's good enough for me. Level 2 is showing a lot of support at this level.

[eastunder]

You think? What about the ones that are already in it, that don't care about the swings? That have millions of shares?

http://investors.morningstar.com/ownership/shareholders-overview.html?t=RFMD®ion=USA&culture=en-US

I wish I had a better source. One that updated more often. I tend to use IBD for fund ownership and just to see whether that is increasing Q over Q, as they update it quarterly.

[phrantic]

I'll pull up a weekly, that'll show where they got in. Thanks

[eastunder]

I would imagine you could pull that up at Morningstar? I don't know if it gives specific prices as compared to amount of shares and what % of the fund assets that would be.

[phrantic]

Do you know what price the fund players bought in?

[eastunder]

Golden Cross 10/28/11

I'm drawn to the 20d or the 50d.

[phrantic]

That would be a great entry price. Hope you get em.

[Mackhack]

Cool beans. Still hoping for at least low low 6's to get back into RFMD.

[phrantic]

$7 will be psychological support. If it violates $7, then next support will be at $6.88.

[phrantic]

Key support is around 6.55.

[Mackhack]

Hm, lower than $6's again?

[phrantic]

Yeah, the old kick the can trick. The US knows that game well.

[phrantic]

The battle's on. I'm seeing mounting downward pressure.

[Mackhack]

Although they got it short term accomplished in Europe to save some countries and the Euro once again, long term nothing is in the safe haven from the outcome of the European leaders 2 days ago.

[Mackhack]

Hehe... Well if you have puts then I'm almost confident I will have them sooner rather than later, huh?

GLTY!

[phrantic]

Tomorrow should tell what direction this will go. At this point it could go either way. Euro shock is not to be underestimated.

[phrantic]

I hope you get them Mack! That'd sure make my puts look sweet.

[Mackhack]

Buy orders are in for $6.50 and $6 :) Can't wait...

[phrantic]

Big struggle between buyers and sellers. I expected to see this battle closer to support. Interesting.