Short VMW......pullback to 77-78 within a week......OVERBOUGHT BIG TIME
Short covering pushed this to 84......Therefore, current pps is artificial. Earnings were not that great and upgrades were a buy and a market out perform with a pps of 85 and 95. This is going down..profit from it.
You mean shorts push this to 100. That is where it was in January, never should have declines to 66, no reason. Adjusting for the market return this year, VMW should be at 114 today. THEN it would be overbought.
Not if you're gambling with free money from Bernanke. The TBTF banks will drive VMW over 100 easily. The entire market is TSLA now and Ben's printing press will be on fire tomorrow with one of the biggest *POMO*s in his 4 1/2 year 'bank gifting cycle'.