Am long VMW going into earnings and will likely add to current position. Have been in and out of VMW many times over past 4 years. Did a chart of last 3 years and the trend appears to be when VMW has been hammered following a quarterly earnings disappoint, the following quarter it rallies very strong with upwards of a 15-20%+ rally - this has happened almost to a T for each quarter for past 3 years. My read going into the quarter is buyers are bearish in light of last quarter where sentiment going in was high going into earnings and are taking off risk going into this quarter. Check it out and if anyone see's same. Interested in your feedback. Thanks. T
I agree with both of you. I still think the stock is going higher once earnings come out. The only problem is, Apple will also announcing earnings that day after hours, the same time VMW announce earnings. So I think Apple will take the market down but I also think people will put their money back to VMW. So look for the stock to go higher...much higher.
I hope your right. I also saw "The Street" calls them a recommended buy. We all know they are overly optimistic. We know the banks are going to get rich buying these oversold tech stocks while in the toilet.