Look at FFIV volume bar, 95 IS huge rez. FFIV is headed longer term back to 40. Its over for CRM , VMW and the clouds. wake up, this sector was a ride fr wallstreet. LOOK at APKT...that is what will happen to FFIV, SET STOPS and protect your self and for petes sake do not buy here. SPX is in a 12 month correction and headed to 900. The upgrade os so the sharks get out... they want you to be the bagholder for htem
That's a nice argument, but unfortunately cloud is here to stay. Even companies like GE that traditionally used their own servers for data due to security concerns are now migrating to the cloud. This migration is just in it's infancy. Go ahead and short FFIV if you believe it will go to 40 and put your money where your mouth is. Otherwise, you're just blowing smoke.
totally agree clouds are here to stay...but not the high parabolic stock prices....what goes up hard and fast comes down harder and faster... set stops and good luck... when the love is gone they fall hard.. and after 4 years of up the sharks ( wallstreet) are going to book the profits. An upgrade now is CLASSIC, they are looking for bagholders and it ramps on short covering. when shorts are done it drops hard. watch out.. oh and by the way. look up the price per volume bars on FFIV, no support under 95 until 40.