only reason it's down is that crowd worried since operating margin reduced by 1-2%. Who cares - they have tons of cash in the bank, nicely growing, have the backup of EMC if and when need more money for acquisitions, made the right choices to keep their competitive advantages and increase their revenues.
So, yes - stock will be crossing 101 again soon and heading to 110.
In the last one year, even crapy stocks have doubled. This stock hasn't moved at all. Big money knows that VMW is going downhill from here, slowly.
nasdaq tested its 50 day moving average and bounced back. since 12/2012 every time it did that it reached a new high. Taking the fact that the nasdaq lost 200 in 3 days and bouncing back and it's down for the year, gives the right opportunity to resume the up trend. We believe VMW will test the interim top of 101.52 by end of next week.
smart. did the same. if it gaps down and go a further down. I will cover more. In any case, going long around 92-93, as they beat expectations and the low at 92.25 represents 9% correction. Will wait to pick up shorts again at 100 area.
good minds think the same. if it gaps down, another opportunity to buy. By end of day it will close the gap and more. It may close the open gap at 93.11.
lots of sweaty palm shorts glued to the tape sweatin on every tick ..94..95..96..98..panic..101...panic 105
lets face it shorts, if vmw was going to collapse we would be trading in the $80's AH.. Short ratio 6.2 and 12m shares close kissing $100 4pm
don't rely on futures. the market may tank tomorrow. the bubble is now full of hot air.