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VMware, Inc. Message Board

  • virtualgh0st virtualgh0st May 24, 2013 7:01 AM Flag

    time to double down


    if i see $70 today, I'll be making my final purchase, and after that it will be waiting time.

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    • As I said previously, you are simply too complacent trading this.

      It's clear that it "always" bounces off of $70. However, one of these times, you are going to be blindsided and it's going to break below $70. The first time or two maybe it will go to $69.90 to let the stop-losses get taken out, and then make a small bounce up. But one time it's just going to keep going, and once it gets going, it's going to fall'll blink having seen it at $69.75 and next thing you know you're going to be looking at $65 or less.

      That is exactly how this is setting up. Look at the YTD chart - it's peaking at lower highs on the bouncebacks.Once it tires, it's not going to bounceback higher - it's going to dive lower.

      Apparently you still feel lucky and think it won't break below $70 this time. We'll see.

      Your time for playing the bounces here is almost up.

    • biggest piece of #$%$ ever existed, down every single day, you should get the fxxk out and give me the money instead

      Sentiment: Strong Sell

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