I agree that was the worst, stupid on their part, but on the bright side, we 're able to buy at these levels. I'm pretty comfortable that VDSI will run eventually.
Sentiment: Strong Buy
I'm also guessing that most of the winners in FEYE will be doing the same thing lol, money should flow from FEYE, PANW, etc into CYBR today.
All out of FEYE today; Will wait for stability to re-enter; higher or lower doesn't matter, great trade, Today's gap is suspect, I'm guessing it'll fill before forming a new base and move higher. The $40 range will have to prove to be the new bottom for me to re-enter. CYBR is the next play, I'm guessing there is $5-7 to be made on the long side within the next 24hrs.
This is the same guy that said to buy CMG before earnings, and a whole host of other wrong calls, check him out on yahoo. guy has no business in investing LOL
His comments are not cautious, they're real, will do you some good to listen. FEYE could go either way today, actually today the bias is to the downside but who really knows. As for the markets, I don't trust it here, looking for confirmation.
I hope you are short then.........
Much respect to Mr. Ichan but with all due respect, he is down big time on HLF and RIG, FEYE does not need his endorsement to be successful. He's not always right but he's great investor and activist.
He has a following like it or not, the best course of action to make money is to go with the tide, it's as simple as that. Today seems to be mostly short covering, whatever it is this trend might continue, don't fight it, go with the flow.........