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Symantec Corporation Message Board

  • long_term_tech_investor long_term_tech_investor Feb 5, 2013 3:13 PM Flag

    Symantec Shares Over Extended Again. February 5, 2013

    Right on cue and totally predictable, once again this morning TheStreet editorial was pumping headlines and luring investors into Symantec shares - which are now again over extended, right along with the market.

    Careful here, we saw what happened with just one negative day yesterday. The potential fall is large while any upside will slow coming as the big rally that started back in July is in the rear view mirror. The shares need to be driven and sustained by business and economic fundamentals in order to be justified and sustainable, and thus far both are unclear on a forward looking view.

    There are some gaps that will be revisited, almost surely sooner rather than later, one this morning at 21.65 and another at 20.88. Anything over 22 is clearly an imbalanced risk vs. reward scenario at this time.

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20.49+0.21(+1.04%)Jul 22 4:00 PMEDT