then around 70 in the Feb month? Bad January was just a preview of coming attractions for high-multiple tech like this, where there is not much protection from competitors. SatyaP at the helm now possibly at Microsoft, is from the cloud side, and everyone knows how aggressive and smart he is, in extinguishing the competition! Too many head-winds for VMW!
I just hold it for a long term. Expect at least 50% return from here. Within 2 years.
In a long run, only these count.
just broke the down channel it formed on 1/29 from the top it reached that day (96.68). It's heading there. and will cross it next week on the way to 100. Additionally, every time vmw have been flagged as laggard (yesterday) the stock used to reverse it's down trend), specifically if on the day it was defined as laggard the market was up (like yesterday).
Little downside, very great upside. Some shorters/sellers are just dumb.
Looks like what is happening is that, last year the artificial QE liquidity mercilessly forced all the shorts to cover from 65 to 100 and that is obviously over now. Looking at the lifeless bodies of the 2013-shorts on the street, some very big world-renowned shorts like Soros etc. might have detected a pleasant opportunity to sell anew and they seem to want to put up their tents and dug in now, for the next couple of years of expected bear route on the inflated ones. They must have studied all the dynamics and feeling that their timing is perfect. Super-Bears work in perfect synchronicity with the Fed: When it was worried, they were worried; now that it is not worried and tapering, they are not worried. They'll nicely enjoy the PE-compression cycle now.
and institutions are always buying near the 50 moving average which is at 88.74 and will be higher next week. so if the stock may hit this today or early next week it will strongly bounce back on its way to the 100 levels
stock have been corrected around 12% which is solid. smart people and institutions are buying. also people are buying a lot of February 105 and 100 calls, not for short protection, but actually to make money in the next 1-2 weeks.
Can you say too much QE-ingestion last year and now QE-diarrhea? Johnny yelli'n in distress from the Spot may not help, until all the toxins are flushed out, no?
it is testing it's 50 moving average. same as nasdaq and s&p did. it's building support and then next week if the market is up (typically in February it is - check history) - stock can reach 100. I am buying at these levels. Assuming the market won't crush (which I don't think it will - check the support the nasdaq and s&p built and bump higher today - stock will run as well.
stock could have crushed today after it was down yesterday and it didn't. so good support is being firmed.