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Red Hat, Inc. Message Board

  • mmottpvi1 Jan 31, 2013 9:23 PM Flag

    End of Month- January

    RHT closed @ $55.56 on 1/31/13
    RHT closed @ $52.96 on 12/31/12
    A gain of $2.60
    A increase of 4.9%

    S+P 500 closed @ 1498.11 on 1/31/13
    S+P 500 closed @ 1426.19 on 12/31/12
    A gain of 71.92
    A increase of 5.1%
    We haven't heard from Rjjones11 because RHT had an "up" month and because I'm guessing that he has to work two jobs to generate enough income to cover his short position. If you get a chance, why not check in Rj and let us know how you are doing.

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    • Any thoughts on todays tumble? I am long on RHT, but today hurt...

      Sentiment: Hold

      • 1 Reply to calitaxpayer
      • mmottpvi1 Feb 26, 2013 3:48 PM Flag

        I think the stock will drift to maybe as low as mid 40's before next earnings report. That is the price you pay with a growth stock. I believe that this is a great long term investment, and I have been in this stock since 2000. I would see any softness here as an opportunity to add to your position. The shorts are going to try to scare you out of your shares to their benefit. If you want a solid stock for the future, this stock is it. If you are looking for a quick flip to make some money, you may want to look elsewhere. If you are an investor, be confident that this stock is the LEADER in open source Linux, the company is very well managed, has cash in the bank, and is poised to capitalize on the cloud and big data which is growing at 60% per year. Look at the bright side of this temporary decline, at least we get to hear from rjjones again in a few days.

78.21+1.25(+1.62%)Oct 24 4:00 PMEDT