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Aruba Networks, Inc. Message Board

  • ashtonb22000 ashtonb22000 Jan 31, 2013 11:52 AM Flag

    Today's Action

    Well, what's going on today? A little breather? Overbought? I admit I'm still mostly short right now and that short leash I had got longer so I've gotten a little burned. I really don't want to be short heading into earnings so I am probably going to cut my losses within the next week or two. The correction I've been waiting for has not come yet (although it looks like it may be soon). I've got some long as well. I think ARUN will have a good quarter. GLTA.

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    • Looks like maybe we had to fill that gap up from 1/28 down to around $22.70. We did fill the gap and then got a lot of buying support right around that level. I loaded up on some February 23 and 24 strike calls, hoping for an explosive move on the Friday after earnings are announced. I hope you covered because I am thinking we are going higher from here.

      Sentiment: Buy

      • 2 Replies to buyersbroker_246
      • I did cover about 40% of my short at break even. Unfortunately, I still have some lower. I also bought some longs in the 22.70-80 range. I guess i will be right one way or another! I've still been trading these moves up and down on daily basis which helps minimize my short loss right now. Big swings. I think the only thing that can put some water on this run is some bad CSCO/ARUN numbers or an overall market correction. Don't think CSCO/ARUN will be bad I wouldn't be surprised if there is some correction going on when ARUN reports though. Overall, I think the future is bright for ARUN. JMO.

      • if you want to trade options on an earnings move(as I'm doing), you might want to move those Feb options to March as I believe the Feb. expiration date is Feb. 15, not the 21st(the third Saturday in February is the 16th).

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