Almost looks like it's been selling off along with FFIV. Some fund or funds must be doing some portfolio reallocation. Others have been holding up better in the cloud, data world. Kind of puzzler why EMC holding up, that's the true dog. Break 80, next steps are 77, 72.
I have traded this stock few times with a little luck. Buy at ~$78 and sell at $90. What i dont get is, they had a good earnings, why is the stock down. Should I wait to get in at $78 or buy now?
What's more confounding about the "street" is it's love affair with EMC which isn't growing and hasn't done a thing but disappoint quarter after quarter yet VMW the one that is growing at least and is in the right space is the one that's "disappointing".
the stock traded above $93 after the earnings announcement in AH.
it will not stay here for long.
take advantage of the pullback