This move won't hold...I don't have a problem seeing RedHat holding 40 times next years $1 earnings = $40. But even that assumes a certain amount of optimism about investor psychology/foolishness.Realistically it is worth about $30
Short? LOLThis stock is not like FFIV. Long RhT and been trading options on other stocks. It's been a successful strategy as long as you use stops. Also using Option Allure and their trades and I'm up 3k today and 9k this week.
lol hows that working out for you chump? almost another point higher since this great call LOL
I expect to have worked out quite well by Monday afternoon.It's not too late to get a short position established !cheers. jbd.