you seem to be in the same shoes as i was in oct-nov downfall. I had 300 @ 105 and then it crashed and i bought more finally levelling 600 @ $91.xx. But when i fell down below $76 mark at that time, I was already $10K down in unrealized and had to sell it off since it had broken the bottom of $76-$80 mark. Later that same day FM guys said that this should be in its 90s and it was in it's 90s in the next 2 days. I wouldn't have lost 10K had I waited a few hours. I'd say that people are in panic right now and this is a good time to buy this 'coz everybody knows that VMW is one of the best in the industry. It's just that frikkin analysts had reaised people's expectations a whole lot. I even felt that even if the company had exceeded expectations, this still would've fallen down, not a whole lot though. Well, the bottom line is you should hold if you can and buy a few more i.e if you can, to average it out.
Do you have rudimentary arithmetic skills?
Did you read the earnings statement?
Did you note how many shares there were outstanding?
Did you see the revenue number?
Did you note the Gross margin number?
Do you know the number of employees?
What do the employees do?
Answer those questions. Get a couple of books and study them.
Then go on a holiday to Saudi Arabia and sell off your wife to a construction company harem (low price) or if she is good enough to a Princeling Harem (you may get a little more money).
Giver her a parting kiss, come back, get another one and start anew.
Occasionally, think of VMW and your former wife.
Its only a loss if you sell.
If you're in this for the long term, keep in mind virtualization is a new technology and VMW is leading the way. Sure there's competition on the horizon, but its still years before virtualization becomes a technology commodity.
If you were in this for a quick trade, only you can determine how much pain you can suffer through and for how long.
Before I get slammed for saying "virtualization is a new technology"
I know virtualization has been around for some time (some will argue decades, and rightly so).
What I meant by this comment was:
virtualization, by itself, is a hot technology for which there is tremendous interest and demand. And companies have identified and demonstrated the value of it, VMW included.
I was in the same position with AAPL which I held into earnings. I waited for an uptick to $139.00 and sold. It's now around $130. My thinking was/is AAPL is now dead money in this market.
VMW has excellent fundamentals. If we have a mini rally along with the Fed cuts and mod change in the market, you may see a 10% or so increase from here, but most likely will see VMW drift down the next couple of days.
I think you may be in for some temporary pain.