KEN2 regarding SNPS
As a heads up TIACREF did a study looking at the expensing of Stock option a few months back. It was written up in NYTimes ,SNPS was the worst offender.
The top three where :
SNPS
ADBE
ADSK
IF memory serves me correctly the option granted had a possible delutionary impact of over 45% ( Definitely in that ball park.)
TIA was trying to bring pressure to certain companies to bring up these plans to Stockholder vote in cases where the companies had used a loophole to implement their plans without a stockholders Vote.
So if congress passes and implements these stock option expensing legislation, SNPS may be hard hit.
That being said upon reading the article I shorted them and did well only because it was trending in it’s channel, it has exhibited a lot of strength in a snap back as it’s chart Shows IMO.
At this point I hold no position in it. And would be looking to short at the top of it’s channel or if Congressional action is eminent.
All the above IMHO
Good Luck
Maximum Extraction by Design