I don't have VMW but have been in tne market for 23 years. Bit of advice: stop panicking and see this as an opportunity, rather than the end of the World. If you have the leverage, buy more (many more). Hopefully you bought this stock with intentions of staying in for a long while. Just sit and wait. Be patient and don't watch it everyday. It will go up, I assure you.
You mean to tell us that you don't know how to trade after hours and you don't understand margin rules, but you have nearly half a million dollars to throw at some bar bet over what the reaction to earnings will be on a hyperinflated stock in a bear market?
Yeah right. Funny guy.
Sentiment: Not Buyin' It
VMware Prices Initial Public Offering (IPO)
Shares to Trade on the New York Stock Exchange (NYSE) under Ticker Symbol "VMW"
PALO ALTO, Calif., August 13, 2007 - VMware, Inc., (NYSE: VMW) today announced that the IPO of 33,000,000 shares of its Class A Common Stock has been priced at $29 per share. Shares will begin trading tomorrow, August 14, 2007, on the NYSE under the ticker symbol "VMW".
Citi, JPMorgan and Lehman Brothers acted as the representatives of the underwriters and, together with Credit Suisse, Merrill Lynch & Co. and Deutsche Bank Securities, acted as the joint book-running managers of the offering.
A registration statement relating to the offering was filed with and declared effective by the Securities and Exchange Commission. A copy of the prospectus relating to the offering may be obtained by contacting: Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 (tel: 718-765-6732; fax: 718-765-6734); JPMorgan, Prospectus Department, National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245 (tel: 718-242-8002); or Lehman Brothers c/o Broadridge, 1155 Long Island Avenue, Edgewood, New York 11717 (email: firstname.lastname@example.org, tel: 631-274-2635).
VMware, an EMC company (NYSE: EMC), is the leading provider of virtualization solutions. VMware�s customer base includes 100% of the Fortune 100 and more than 84% of the Fortune 1,000. VMware�s broad and proven suite of virtualization solutions addresses a range of complex IT problems that include infrastructure optimization, business continuity, software lifecycle management and desktop management. VMware was founded in 1998 and is based in Palo Alto, California. For more information, visit www.vmware.com.
I got in 7,000 shares so far and will keep adding up to 10,000 shares. This stock is going to open no less than $70 tomorrow morning. It is way overkilled due to the panic. The numbers they delivered aren't that bad at all.
Look what happened to AAPL. It is now even lower since earnings at 129. Cramer just said to wait and buy at 120. After taking big losses, most traders are now very cautious. Might be better to wait and see before you buy more. If you still want to get in now, selling naked puts might be a good strategy to acquire shares at a lower price.