They'll eventually buckle and take an offer. I can wait it out and get what I want, $27. In the meantime I'll pick the timing and keep selling puts.
It is unlikely with this much insider ownership that this group will let the share price languish for too long. ... they have too much at stake, the share price will rebound, they are in the industry of the future with an outstanding product.......which tech behemoth will not be able to resist buying these guys out for that product line ???
Don't forget they have 750M in cash.That's $4.5 per share in cash.
If you take 5 x sales 2013 for a buyout (excluding cash), you will get a buy out price of $23.
If you take 5 x sales 2014 for a buyout (excluding cash), you will get a buy out price of $26.
I'm totally out of this one, was able to cash in on the puts side when the gap up closed in the $18's so I cashed out a little early but I did not plan on converting the puts to short anyway.
I can't say I have a great opinion here long or short but clearly this is still in a downtrend. It's approaching it's two year lows if you look at the chart and although it is cheap compared to those ridiculously valued stocks that you mentioned be careful, 5 times plus sales is still not necessarily cheap.
If you are a long term believer then buy some shares but do it in stages, not all in one shot.
There's no doubt that the overall market is still frothy but I was surprised to see 3 straight accumulation days on the Nas (up on higher volume although the middle day was 1/3 of a point up , followed by a lower volume down day yesterday). That does not mean there might not be a sell-off next week but it's getting scary with the markets mostly ignoring bad news with Benny bucks and Japanese money now seeming to prop up the market. GDP may have peaked for the year so there will be headwinds and without a healthy pullback 1987 or worse could be on it's way all over again.
I think you want to be smart and hedge where you can.
Well that didn't play out like I thought it would but I'm sure we can afford the 1.25% slide...again.
Buy low sell high. I 'm here mainly for a buyout. They've been rumored for years and maybe now with their stock in the dumps it's time to return some of those calls and talk numbers. I see $10 upside in 6 mos. Downside, if it holds the low 16's, well then $1 more is the downside. I'll have to sell some calls every month to make this thing yield.
At 4.5x '13 sales this is a way safer play than WDAY, N, SPLK, or NOW. Out of those crazy fliers. Though I'd sure love to see FTNT trade at 15-20x sales! I'd be happy with a 7x.
Typically these two stocks move in unison, don't ask me why, I dk. But it will be up tomorrow would be my best guess...QLIK had good #s. My first Q with no options going into erns and thathat's a bummer. Pretty heavily loaded into FTNT here.
Back to $24 as long as it doesn't drop below $16.25 in this currently #$%$ period. I have faith.
See it but looking back just under 2 years. Should be back to $24 in 2-3 months barring a takeout in the period. Fortinet had been the rumored in the past to be the target of a number of tech companies and they're rarely on sale like this. Could they finally let it go this time around? It would be nice since I got put a giant amount of stock over the weekend thank to my rampant put selling last month. Buying calls here also...Sept to end of year...bounce from here.
There's only one person responsible for your loss and when you own up to it and actually start doing real homework and taking responsibility for your actions you will become a better investor/trader.
The nerve of that guy. I heard him say right on TV hughes1953 go buy500 shares without doing any homework. We have all done it. I am no chart guy but this stock tracks like a Sixflags roller coaster
It is a good company in a growth business and you can stay on that
Train down into the 16's but don't forget to get off at 25. Patience Hughes my friend.
Jon Najarian was PUSHING it on Fast Money on April 4th. He is "USUALLY" pretty good. IT has SUNK EVER SINCE.. FOOLISHLY I BOUGHT 500SH at $22.10 THANKS JOHN for the LOUSY CALL ! ! !
He and Jon Najarian.. Najarian was PUSHING it on Fast Money. IT has SUNK EVER SINCE.. THANKS JOHN for the LOUSY CALL ! ! !