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Gogo Inc. Message Board

fundmanager1 3 posts  |  Last Activity: Dec 1, 2014 4:06 PM Member since: Apr 6, 1998
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  • fundmanager1 fundmanager1 Dec 1, 2014 4:06 PM Flag

    Not bad. Down a penny on a big down day for the market. The stock is strong in a down market.

    Additionally, no more wash sales for tax purposes for 2014.

    FEYE should pop tomorrow.

  • The drop today (before CNBC mentioned FEYE very favorably) is very likely due to Wash Sale selling pressure. Lots of FEYE holders are sitting on a loss, so today is the last day to take a loss if you want to buy back in 2014 w/o incurring a Wash Sale violation with the IRS. (you can't sell a stock at a loss and buy it back in the next 30 days).

    Tomorrow, there should be no Wash Sale selling pressure.

  • From Marketwatch article:

    (FEYE CEO defends Q3 results and issues upbeat billings growth)

    Last month, FireEye reported a 168% year-over-year increase in sales but missed Wall Street expectations. In an interview with MarketWatch, FireEye CEO David DeWalt defended the results, calling revenue a "trailing indicator" of operations as customers switch to its subscription-based cloud service.

    He says a more telling trend is the increase in billings, which grew 45% during the second quarter to $165.1 million , topping the company's own estimate of up to $155 million . FireEye has forecast a rise in billings of to up to $210 million for the current quarter.

GOGO
16.45+0.36(+2.24%)Dec 19 4:00 PMEST

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