looks like market is supporting VMW at this moment. Watch for a reversal when market goes negative.
the 89.59 run up to 93.20 was very good momentum for VMW. But VMW is definitely not trading well in a UP market today.
good luck to all
I have 5000 shares shorted at 88 and 5000 at 92.76. average price 90.38. covered 5000 at 90.20 and with 5000 left to reap the profit from sudden dive. another 5000 shares set to short at 92.76. dang...it just never got to 92.76 again.
again...no bashing but simply tell what I have seen
after reaching 92.67, intraday macd slow line crossed fast line @91.6 and trends down since to negative zone. rsi also trended down since. however the avg vol distribution/prx is @92, n it looks like it is reversing.
if by the end of today, prx crosses ma50 @95.22 n with good vol, it will confirm uptrend reversal; otherwise, it might move sideway for few days. short or long is up to how one values the VMW fundamental.
I am out of my short positions. I am looking to long this again, but will depend on how VMW is trading. today's trading clearly show a reversal to the down side, but since the conference may or may not present any good news or upgrade, thus it be wise to stay off the sideline.
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gltu all and thank you all for the kind words.