I must say it: you were right. Nice prediction. I believe it will come back and rip right through previous highs, but for the moment, I can't deny that you were right. Hope you made some money. Now, this sucker will ram higher and when earnings for this quarter come in, it's rocket time.
I wa thinking of investing some of the gain in BX 25 calls. I would think it is headed higher before this is...the old hyped stocks are done...may be a good onvestment to hold for a few years.
Why do you think this?
Who is going to buy their products? Why? Why haven't they bought their products (in the volume required to support current market price) over the past serveral years that the products have been available?
Could it be that "Virtualization" is not as big of a deal as it is being hyped up to be?
All Enterprise level companies are implementing this and have been allocating budgets to do so in the next few years. Many customers that already have it in place are loving how easy it is to use and move from on server to another reducing migration times. Many IT budgets are very limited each quarter and have to be spread over many Q's if not years to obtain all funding needed. So they by a little at a time even if it just sits for months before they have everything needed for it to be used. Virtualization is huge and many IT budgets are trying to take advantage of this newer product that has matured significantly in the past 3 years.
Right the F++k on! It IS rocket time--this wonderful stock will go even higher. Those who lost $, be patient.... I bought in at $49...so I feel for you all, but we'll be back on top again! Peace.
don't know about nyc - my guess he's still in, why wouldn't he be. he probably feels this will be 175-200 by mid to late next year, like a lot of longs do.
I like to hold for that l.t. cap gain thing to work, so let's sit back, relax, enjoy the feeling of a nice swift kick in the stomache, and let things ride until next oct. earnings report.