Yes, but pulling back. Much of that volume is selling. I expected it to take off this morning. Things are never easy with FEYE. I sold 2/3 my position last week in the $40 range. I knew it might be early, but have been in a trap for awhile now. Bought my first shares at $60 and reduced my cost basis to $37 by adding around $30, so I was thrilled to turn losing into any profit at all. Hopefully we continue higher.
Hard to know how high it goes, but the road ahead just got much easier. Why? Very few sellers at this point, meaning the slightest buying will move the stock sharply higher.
It was $34 as recently as Feb 2, but still a very risky move until you get an indication it has run out of gas. Could still move up significantly more again tomorrow with short covering and latecomers wanting to join in on the party.
The market already knew those numbers when they bid the stock up afterhours. You took a low probability risk with options expiring in two days. Hope you didn't pay too much. Unless we get a quick upgrade, that strike seems unlikely. No one knows what to do in these situations, but if you can get a decent price in the morning, you might consider selling most of the position and holding the rest, hoping to get lucky. If the stock trades higher on good volume on the open, you should probably wait until you determine if it will continue running higher. If we do get a pop in the morning, I'm thinking of selling some covered calls. Good luck.
He actually referred to FEYE as "the sweet spot" of the sector, and now the Street is negative. One thing you can be sure of--whatever happens Cramer will say he predicted it. Logic says business has to have picked up since guidance was given, so I expect at least a beat on revs and more positive guidance. Hopefully all that advertising money being spent isn't just for the promotional stuff that lured in so many investors. It won't be long now said the monkey as he stuck his tail in the lawnmower (has anyone here ever heard that goofy saying?).
Volume slowed dramatically, just like other days when it takes off early. Your guess likely to be closer but I'll take it. Seems unlikely we will see any huge short covering the way things are looking now, but if this rally continues tomorrow we could see it happen in the afternoon.
Yes! A million shares in five minutes. Finally this may be the huge volume day most of us have been expecting to happen on this kind of news. Would love to see 15-20 million. And hopefully we can say goodbye to the $35 barrier and soar much higher.
You would think any breach this huge would propel the entire sector, but given FEYE's Mandiant was chosen to clean up the mess not only is a very big piece of business, but it once again adds to FEYE's credibility as a leader in this space. And the need for companies like FEYE is only going to grow and grow in the future.
I started to post on their board congratulating those (you're one!) that took a risk and bought a beaten down penny stock. It has tripled in a little over a week. Very hard to know when to sell, but congrats on a huge gainer. And we can't really put it in the same conversation with FEYE, as FEYE IMO will be a survivor, but doubt MCP will.
Lumpy--You might want to check your battery. I think it is low. Your speech, although funny, is getting even more garbled than usual.
Bad time to close so near $35 IMO. Volume trailed off significantly. Seems almost certain we have a market selloff after the huge gains of the last two days. Again time to consider buying some VXX or even buy a few puts on some of the oil stocks that had massive moves today. I still think an analyst will come out the day before earnings and tell us to buy. They could tell us now, but too much money to be made running the stock up and down IMCO (in my cynical opinion). Long term I love it!
Should at least climb to $75-$80 with that kind of upgrade by a very respected name.
VXX is an ETN that reflects volatility. Long term it is a great short. But short term there are some situations where it is a good long. If the market has just had one of those very big days (yesterday) where you almost know that gains will not hold, VXX is a low risk buy, unless you believe the market will have another big up day. If the market pulls back significantly, VXX goes higher. Even if the market is flat buy people remain nervous, VXX can still move higher. Look at the long term charts on VXX and be amazed. Because VXX moves lower and lower over the longer term, it is possible also to make a great profit on the short side. The best time to do so is after a significant market correction when VXX spikes and you think the correction is about done. At such times VXX craters and can fall very dramatically.
Sorry to put the above on the FEYE board, but it is worth knowing about. Short term Cramer suddenly calling FEYE "the sweet spot" of the sector should help us continue higher, but ultimately upcoming earnings will dictate where we go. We can even handle a slight disappointment IF guidance is strong. Good luck to fellow longs.