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Red Hat, Inc. Message Board

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  • wapenn2 wapenn2 Jan 25, 2011 4:22 PM Flag

    Merlist ?

    johnny_bdog, you had a lot of nastiness thrown your way, but you were right. I hope you came out O.K. with your positions. Timing is always tough.

    Where do you think this RHT slide will stop ? 37 and change (or lower) ? I think we'll see some support around 37, but it's just a guess.

    If the broader market starts a major leg down, we could easily see the low 30s. I want to get back in, but I'm nervous. The selling pressure has been very heavy and steady these last few sessions.

    Regards.

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    • Agree with low 30's if the market drops 10 or 15 percent, OR potentially on its own...the comps will become tougher and the govt. stimulus goosing looks likely to go away...

      RedHat is a great company with a great product which makes business more productive...but it's just too expensive and even though a takeover might happen at these levels it won't be before a period of retrenchment...

 
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