If we're talking RSU's sure, if we're talking ISO's not so much.

I would certainly agree with you on the RSU front, although there is the other twist that some companies, like Google, don't equate RSU's 1:1 with actual shares, they can go up or down depending on other factors. So you can have 100 RSU's that convert to 1 share or 200 shares depending on how much your manager likes you. In that case it really doesn't matter if the stock price goes up or down.