$RFMD appears on our Top Ten Optimism list going into earnings. That's usually a bad sign. Unfortunately the stock is already down 4% today and more than that in the past week, so it's not a clear case of "buy on the rumor." But we'll see soon enough.
Looks like our $GOOG short idea was right after all - I forgot to mention that in a "Buy on the Rumor" pattern it's often helpful to short at the open after the expected good news. If the stock rises through mid-day, then time to exit.
Happy Investing!
Richard
No comments:
Post a Comment