cant believe 10K loss overnight.......still looking for a dip to get out....i will have to cover this today no matter what...Margin wont let me hold this overnight.
Sorry for your loss, but this stock is headed higher short term and long term. The calls for $135 or $140 are fine, but that is a few months away.
It is my biggest position. I will probably sell calls if it goes too crazy.
I would think it rises, but $135 following $130 from $118 is a bit too much too fast. The race goes to the strong, not the swift.
S&P CAPITAL IQ MAINTAINS BUY OPINION ON F5 NETWORKS SHARES
7:35 am ET July 23, 2015 (S&P Capital IQ)
We keep our 12-month target price at $145 applying a forward P/E of 19.9X our FY 16 (Sep.) earnings estimate, below the 5-year historic average of 22.2X and a premium to the peer group that we support on FFIV's above-average revenue growth rate. We raised our FY 15 EPS estimate by $0.15 to $6.55 and keep FY 16's at $7.30. FFIV posts Jun-Q EPS of $1.67, vs. $1.39, $0.07 above the consensus from Capital IQ. With strong demand for its products, we see sales growth of 11% to 12% in both FY 15 and FY 16. We see high growth for software products driving revenues and widening margins.
This is the old FFIV I meant to say, it is trading in the lower 20's in PE and it will soon be in the 30's again at least.You do the math at least $130 ish tomorrow.
I agree 100%, this is , the PE will expand , In my opinion at least 10% rise, watch the upgrades, some one will buy this company soon probably CSCO at least $150. JMHO
If you used that strategy on a long with CMG the other day, it opened down $50 only to be $50 higher now , thats a $100 turn a round, any one still short FFIV should cover now in my opinion, gonna be upgrades tomorrow, FFIV PE is usually much higher in the past and will warrant a high PE starting tomorrow again, my opinion is this will fly tomorrow and could touch $130. Just my opinion.
I had 500 short shares at 119.30 and covered at 120.8. Learn to put your price in as stop loss to minimize the loss. This stock rockets up fast and the same when it drops so being short is always a good way to make money on it. Good luck hopefully u can cover at 122 or lower
Out at 120.8 so i lost a little under a grand. Some times you get caught short sometimes the short wins. This time i lost some but no problems. I already had a stop price entered so it filled quickly. Good luck