Well, Bolay reported these trades 9/4 and that they were registered at the SEC 9/2. Vickers confirms these trades were made 8/27-29. Even with the Bloomberg source (i.e., from Bolay), our information is 2-5 days old. Thus, wee people are never going to win this game.
What's interesting, is that price dropped with the progression of these trades, suggesting some people knew about them as they occured and followed suit--driving price to what, 8 1/8. These few seller probably sold on the belief you expressed earlier, that there's trouble up ahead (I, however, believe they were just excercising their options as they came due). Because no other insider trades have occurred since, price has firmed, awaiting the Rohm announcement.
We are just going to have to wait and see when Rohm announces. As stated earlier, my guess is they will announce at SEMICON, 9/22. I expect price to stay above 8 1/2 this coming week 9/15-19. If Rohm does not announce this month, then I expect we will see price begin to fall off until we learn more about the delay. There is still risk here. Price is a little high to be getting too heavy into RMTR and I'm thinking It might be better to save a little to jump in just after the news breaks and before price begins to move (if that's possible) or reconsider buying below 8 in the event Neil's nightmare is real. |
