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VMware, Inc. Message Board

  • vmw_watcher vmw_watcher Sep 12, 2007 8:13 AM Flag

    Are you still Bullish?

    Yesterday's wild ride was certainly rough on the stomach (being a long holder of the stock).

    The anticipation of VMworld starting, the embedded ESX 3i hypervisor with major hardware vendors (announced Monday), and the acquisition of Dunes Technology may have been major catalysts for the morning rise. From there we had a bunch of profit taking and short selling to drive the price downward.

    VMware announced that it will be offering its Open Virtual Machine Tools to the open source community via The price continued to slope downward at this announcement.

    News signaling that Wall Street estimates for the stock were in the $60 - $75 range sent the stock down quickly during lunch time. My news system sent this over to me 40 minutes after the event. I guess I need a more real time news system.

    If we look at the daily chart for the past month with a candlestick chart view, we see that the volume rising on September 6, 7, and 10 driving the price upward. The rise and fall on the 11th was very strong volume (10M) which was last seen on August 22nd (a day closed downward too).

    In my opinion, the pullback yesterday was a pullback from three upward days and the scare that the Wall Street price estimates of $60 - $75. However, since the news was out early afternoon and the correction didn't drop below $75 I believe this was shaking out the unsure investors.

    Peeking into my magic crystal ball (pre-market data) the stock should start higher today.

    Analyst estimates for earnings can be found here:

    I am still very bullish on this stock.

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