Whenever a so called growth company with a 40+ PE multiple starts to lose market share and begins to feel margin compression, it is a good idea to sell the rallies. At this point EMC may be the only thing keeping this stock from going lower.
Obviously you're not a technical trader. This stock is way oversold and just came off a bottom. If it closes above 74 and holds, then it could easily get back to the high 70s. Risk is to the upside. Why would you sell this now? Time to sell was in the 90s.
Still looking for your technical advice...for what it is worth. Since the company recently tested its 200 day moving average, failed the test and since then has been in a downward spiral and has now blasted through its 50 day moving average and is continuing to go lower, I cannot help but ask what your technical charts are telling you now? Or have you given up on cheerleading for VMWare?
You are right I am not a technical trader but I am interested in your views regarding VMW. It seems to me that long term technicals show this stock having lower highs and lower lows. Also, did it not just test its 200 day moving average and then back off rather quickly? Isn't that a bad technical sign?