We must have bought at the same time at 43. The 10dma started rolling over 2 hours after I bought and now on a short term basis, feye is below the 10 and 50 dma.
This drop is much more sever than I ever thought possible even with the 50 % move up from Jan lows.
Is this because the sector got overhyped into March and we are now trading at more reasonable valuations or is it mostly stupid selling? Do not know anyomre
He signed another executive order today on this matter, and some reports attribute the sector melt down today (much larger drops than e broader indexes) to his order. The fool is unable to work with anyone who has a different opinion and does what he wants. Ne thing about outsized gains/losses on apiece of news like this is a reversal in the days that follow.
That is to be expected, but the amount of the give back is to me over done by any measure. Maybe the sector isn't what we thought as the whole space was hit similarly.
I sent an email to feye this afternoon asking for some public commentary on guideance, suggesting if they say nothing by month end feye could be at ytd lows on this pace of daily selling since late February.
While I will do not expect them to say something, I wanted to remind them that they have shareholders care and would like some color shed on this matetr to stem the worries that investors seem to have right now.
FEYE went from 30 to 46 p/s from 1/6 to 2/20, a 53% bump. It went from 32 to 46 post earnings, another massive move up.
FEYE is still up 30% from the 1/6 low. My entry is 43 on this trade. I bought it two hours before the 10day MA rolled over along with the stock. Bad timing.
I still like how strong it is relative to the January low. I just hope it doesn't drift back to revisit that level.
Until buying interest resumes for the sector, FEYE without any news specific to them will trade with the sector.
Qtr guideance update would help if they thought about doing this to help the share price here from daily drops.
It will get there in time. Very few stocks move up like feye did and stay up. That was some manic buying going on in the entire space and we see manic selling. I suspect the next leg up will form a new floor at the recent highs.
and I am not just refering to the cyber security sector.
The whole group rose significantly off the Feb lows starting with the ER from feye and now WS is giving most those gains back. How soon they forget the news. I suppose we need more breaches to remind them.
Anyways, the advance they had was swift and sharp, so some profit taking is to be expected, but now they are grinding it lower much harder than I ever thought.
I am long feye so I am not coming at this with a short bias, but I will say this much about your post. WS is not as dumb as you imply here.
FEYE is still up 20% or so from ER. That is a nice move. It jumped as much as 50% from recent Feb lows and has given most of that back now. FEYE moved more than any other stock during the recent rally on a % basis.
The problem may or may not be FEYE related, time will tell. The larger drop of recent may be because of its outsized advance compared to the others.
Again, WS is pretty smart most of the time and they are not focusing on feye alone for manipulation as many here suggest at times.
Look at what he is doing...he exercises options at 7cents and sells the same amount in an auotmatic sale. Maybe it is nothing more than a big tax bill or some personal expense (new home, medical bill, noew boat, whatever). Unless others start selling outrright, do not worry.
one or more deals here. Any takers?
Forbes has a story out today ranking feye as one of the 23 most expensive tech stocks in several categories. Volume is so light today, maybe the selling has more to do with scared retail who read the story that anything else.
This sector is getting great press of late and may become the next sector rotation on WS.
They bid all of these sector stocks up by 20 to 50 percent from February to mid March and has since taken back a good chunk of the gains. If these stocks had not shot up so significantly over one month, maybe they would not have dropped so hard since last week.
I think we go back to the prior highs for the sector and in feye very soon.
week was a stunning one. Let's see if the selling rampage in all things cybersecurity related is over with and if this sector will overlook what further carnage may hit the overall indexes next week.
Cybersecurity stocks have been an underinvested tech theme relative to other tech trends, and analysts say it runs counter to the sales opportunity for these companies.
To avoid being a high-profile victim, businesses and government agencies are aggressively scouting out new, next-generation cybersecurity tools made by upstarts like Palo Alto Networks and FireEye. The best news of all is that most companies still have woefully outdated cybersecurity infrastructure. That means the next-gen cybersecurity boom is still in its early innings.
Cybersecurity is criminally underinvested in," said Gur Talpaz, an analyst at Stifel Nicolaus. "Meanwhile, the threat environment is increasing." Mobile work devices used outside company networks and a reliance on last-generation security tools are fueling more attacks. "The threat plane has gotten so much bigger," Talpaz said.
This is a rare thing for a stock at this level. someone sells 100 shares and it drops 20cents. Eventually it always tightens up, but this always happens here.
Same model alarm companies use. They install the system for nothing and receive RMR over the contract. In time the rmr pays off the intial investment and the rest is gravy money. Alarm companies sell on multiples of the rmr.
Same concept, jsut intial cost of onvestment is higher
took out 8% in an already declining market for feye. Today is the 6th day for feye. Does it hold or fall?
It did not close at the low yesterday but indexes look like hell today. FEYE is still up by 30% from the Jan lows and it's up 11% from their ER.
The news flow is very favorable for the sector. By now any froth in tehse stocks should have been taken out so is the selling from here based on more fear and panic or with reason?
The NY Fed had a story out that they are creating A new team to combat cyber security threats as well. No news is working of late. Maybe support comes back in as feye did not close at its low today
Did feye find its lows for this sell off?