Mondays have been real good for the stock! Should attract some short riders at least!
Also for our friends who've been spanked with the class-conscious legislation that keeps the little guy paying the countries bills, by punishing them for trying to "Free-Ride" (Bull-Chips), if they get rid of up-tick shorting, get rid of this crap too.
Anyway, holding overnight will become more common as more folks in our little money club here find out and stay overnight to avoid pattern Day-Trader Status. Every great stock like this presents great opportunities for real money making, but the fact is this is the only way a small investor (Under a mill) can get a leg up, and they hamstring us. I'm still in this group unfortunately. 3 days for settlement, 5 day spanking, keep it over night, don't round trip more than 4 times, Jeez, soundslike the tax code, oh yeah, did I mention capital gains issues (Make it go away!!).
Sorry, but I feel much better now!!
I have no idea, probably somewhere between were it�s trading right now�in the $103s. Most traders will wait until next week to get back in if VMW doesn�t go below par again, which it won�t absent any major negative news�though I did find today�s upgrade by Caris & Co. interesting�
Bottom-line: VMW will trade flat for the next 2 to 3 days and if no �new� sell-off materializes the buyers will swarm back in and VMW will rise substantially later next week as traders hedge their bets ahead of earnings.