This was 9.45 on March 3. I just took profits on my calls, and I reinvested them at half price, so yes, I will enjoy spending my profits!
But companies like brocade the data is getting better. Each month my real estate positive cash flow has to go somewhere, so I will keep buying on dips on the companies that continue to show turnaround or growth. I sure hope you are not short brocade. This is a classic turnaround story. probably double again by 2016
I think now that we have increasing volume, sometimes it just increases the awareness to the rest of the markets and we'll draw in some new buying. Finally 10+ not far away!
today announced that Rackspace (NYSE: RAX), the open cloud company, has completed the deployment of Brocade Gen 5 Fibre Channel SAN solutions across its global data center network to accommodate explosive customer growth. The new Gen 5 Storage Area Network (SAN) has helped the company achieve greater density, flexibility and scale in connecting to high-performance EMC storage arrays, resulting in increased efficiency and productivity at each data center.
When you have already tripled your money and purchased more real estate with the profits to help diversify, and now need to spend the rental income, or buy more stocks, well, yes markets can still rise in a slow economy! I think all of us investors experiencing this wealth effect will keep us chugging along, slowly but steady. And the unemployment rate is slowly coming down, so this could finally give us some low income growth in 2015 or 2016.
I just sold half my profit in Nokia a few weeks ago at a more than double in a year. I am using profits to go and buy a new jeep. Oops, wealth effect taking place, Jeep will get one more sale on the books. I have locked in profit with a new jeep and am screaming Yahoo! Why can't we have a slow down, stocks go up and down, sideways, then the economy starts rolling next Christmas and we resume a bull market at the end of 2014 and in to 2015. Tell why that can not happen.
Amazing to me that such a strong stock in the past 12 months gets so little attention on this board. May scuttle scares them all away, nobody like reading garbage. Anyway what a nice move today!
Interesting how the surprisingly good housing data this quarter despite the weather? Bodes well for the spring and summer when pent up demand comes back to the market. I guess real estate will continue to keep us in this slow steady recovery.
Nothing wrong with this picture, this is normal stock movement. We always go through bullish and bearish trends in the stock marke, and we are always overvalued or undervalued, that's wy we go up and down every day. If we can get slow growth, some companies will do well and some will not, but all have a chance to grow. Eventually the poor ones will take a hit on stock price. We are on the BRCD board, and you have pointed out the year over year decline in revenue, but we have a good q to q turnaround in place. If that continues through the next 3 or 4 q's you'll see a nice run in stock price, any blip and a sell off is likely, which is very normal and predictable. It seems that we have slow steady growth, so I would not bet against a strong industry in a growing, but slow economy, but it is still growing, we are not in recession. Stocks will continue to rise in this scenario.
Who are you talking to every time I make a comment you never answer. It seems you only talk to yourself. Ok, all my rental properties rents have gone way up, and I know most apartment rents have gone up, so all of us real estate owners have lot's of excess cash flow and profits are up. I am spending more than normal on remodel during turnover, so all of the real estate owners are definitely contributing more to the economy. I believe commercial is seeing the same trend. Believe it or not, it seems that we have a slow steady recovery in place, or I am just in a sweett spot. Also, many of the companies I have invested in are growing revenue and profits ata nice pace, but I do read about the other companies that have had troubles. So, I suppose you can point out the poor results in one area of the economy, but what about the huge positive cash flow in my situation? All of the landlords will continue to spend their profits, and most of us reinvest, which will keep the economy chugging along, slow, but steady.
Look at the 1 year chart, does the same thing over and over. Trading at 9.62, was 5.5 last year. Do you need more gain than that year over year? What an odd statement. Look at the 3 month chart. 8.2 - 9.62, continued consistent growth. What are you looking at? At this rate 10.5 -11 in the next 6 months. 12 by next year.
Start shorting buddy, but I would wait until 11. Did you not listen to the CEO, you think he was lying about growth? Wow! short something that is using market share and slowing sales, wrong stock to short.
You are wrong again, the markets are dropping, they are paying attention to the data, and you say they will ignore it. How can you be wrong so consistently. We will get a down turn in most stocks, but not the ones growing in this environment, what a great buying opportunity today for Brocade.
You should wait until this hits 11 and , and then pulls back to 10.25. Maybe you can make a little then, but boy hard to make money on a stock that is growing sales in such a strong manner. I would short a stock where sales are actually declining.
That was just conservative talk. Lowered guidance is still strong growth going forward, and tons of opportunity for 2015, which will drive this stock much higher, like you said its about future, 2015, this next quarter is kind of meaningless now, especially when they can now easily meet this new lower guidance. Watch, they'll probably crush it and then we get another rally on next q earnings.
Wow, CEO was on and mentioned their highest margin business was growing the fastest and is projected through 2015. This will provide good growth and very limited downside. The stock just moved .10 immediately. We are having a good day everyone, enjoy.
Real investors are seeing Brocade on CNBC right now, and it looks like a very solid business and strong growth ahead. Don't just look at numbers, although they are pretty good, their high margin business is experiencing the fastest growth through 2015. That bodes well for the stock, and creates a very limited downside.