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Spreadtrum Communications (SPRD +4.4%) is taking advantage of recent price weakness to...

  • Friday, June 17, 2011, 2:46 PM ET
    Spreadtrum Communications (SPRD +4.4%) is taking advantage of recent price weakness to repurchase up to $100M ADS's. The company says it's flush with cash, and the buyback "reflects our confidence with our near- and long-term growth initiatives."
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    I'm a swing trader that looks at fundamental and technicals before buying a stock. Concerned now that I took a position in Spreadtrum - SPRD, and learned through Bloomberg that big options purchases are driving down the stock. How do I counter this?
    27 Jun 2011, 07:55 PM Reply Like
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