I hope we hold around 20 as well. I will double down if I think the earnings were good but the reaction was worse than it should have been (IMHO) and I thought it was the case with Red Hat earnings. If it just a bad miss then you need to get out before too much damage is done. I also watched the AH right after the earnings were released and we initially went up to around $20.70 if I recall correctly and I thought that was the correct reaction to the the earnings and I was just thinking we should revisit that price again. I also use Red Hat at work and I also liked the penetration in places like Mexico where I think LINUX has a good chance to get a foot hold.
Congrats. Hopefully we can hold it. I wanted to double down too, didn't have the nerve, wound buying nike calls instead. Doubling down on the 20s at the open yesterday would have been an easy double today. Oh well, lets see if we can hold 20.
Just broke $20 and I also "double downed" yesterday morning and it's nice to see the gains I expected after the release of the earnings. I hope it still slowly rises over the next few days, I think it's a good company and should continue to do well in even this bad economy.
I'm surprised as you are that RHT has dropped as much as it has after the earnings report, but I need to ask if you will never trade stock again (or are you waiting for the EOD stock price to determine your $1 drop?)