Well, WDAY raised as well. But they are also at a high valuation. That is why SPLK they pulled back today.
money, I am thinking the same. shorted WDAY AH and did nicely. SPLK set up is the same. As ,matter of fact eerily similar even year over year % growth is similar. YOY growth for WDAY was great, just like SPLK. But valuation is the reason WDAY pulled back and SPLK is set up for the same.
With a PEG over 40 and forward PE of 633....SPLK was priced for perfection.
Too rich for me at these prices!
Too much cyber hype. The ability to turn cyber fear into real money is still a problem.
When everyone is pumping, the time is right to short.
FEYE is tired. It has had its "cyber sprint" and is now ready to settle back some. No problem shorting at these levels.
Small float + low daily volume = big initial move. We'll see how the rest of the day pans out. I tend to agree with you though
PE prior to this morning was 19. It will be a ridiculous low around 12-13 after the drop, That is crazy attractive for a business that is making money, albeit slightly less than a year ago.
No 50% haircut today. But I expect ADEP to test $4 in next 1-2 weeks. There really is no near term support, especially after the earnings. Looking at the charts, around 3.75 is the only area of support I see.