I have not been wrong yet. Everyone knows I shorted at 120 because I said "mark this post" and have posted it everyday since.
If you ever remember a post you should remember this one.
VMWare is going to $40 - $50
Guys, when these growth companies miss, it's game over for at least 1-2 quarters, they are in the penalty box. Plus Q4 is the unmissable quarter for software companies, so that makes this miss even worse. Take a look at the chart on CRM in 2006, they put up a couple of soft quarters and it was good night Irene... until they blew it out in the August quarter... and that company has much bigger moat around their business model than VMW does... So, i know it will be painful, but this sucker is definitely headed for $40... if they can make a big announcement during Q1 maybe it will remain above its IPO price, but I can't guarantee that it won't dip below that level...
You may be right on 17th by spreading rumours, but mark my words too: After the results on 28th it will cross $140, and by next year it will touch $200.
My company is ready to spend almost 750 mil on VMWare products over the next 3 years. Even if they find just 3 customers like this their results will blow away the analysts and short sellers like you who don't understand anything about this technology.
This company will beat Microsoft and Oracle just the way it did during our evaluation. People had said same thing about Google when I bought it at $105. There is a good reason why Cisco and Intel are behind this one.
Yes that will happen but I am not sure of the time frame though. It could happen before if the Recession fears really grip the market like it has in the last few days.
Or it could happen after next Q earnings and if they miss or barely meet targets, all hell will break loose. If they beat, the stock may not move much as it would have been already priced in.
But it will happen if not in the current Q, the next Q. PALM owners eventually faced the music. So will VMW longs. Hence I have loaded up on Jan and Mar puts.
Good luck longs, you will need all the luck you can muster as you are in for a rough ride.
Unbelievable that someone would compare PALM to VMW. If your career is in IT quit immediately and find a different career.
There's a 30% short position in VMW. This will start to unwind as we get closer to the earnings report on 1/28. This stock will reach 90-95 by 1/31. After that profit taking will take place.... 4Q earnings will be huge... Good luck to all with the trade.
You have not been wrong yet? Looked through some crap you posted and I found this. You really thought RIMM was going to go to 90-95 by November? Worse yet, you bid the farm on it? Oyvey!
Yeah I was wrong on that one 90K worth. That post was before the 3-1 split. I'll admit when I am wrong. The problem there was I was going AGAINST momentum. VMwares momentum is now down.
RIMM also only trades at 75 time earning P/E 75.
P.S. I still think RIMM will go down hard sometime in the near future