Hard to love AAPL with out Steve Jobs. Now feels more like Microsoft. Would not be looking at AAPL until $375.00 with a stop around $350. Added to position on VMW.
Am long VMW going into earnings and will likely add to current position. Have been in and out of VMW many times over past 4 years. Did a chart of last 3 years and the trend appears to be when VMW has been hammered following a quarterly earnings disappoint, the following quarter it rallies very strong with upwards of a 15-20%+ rally - this has happened almost to a T for each quarter for past 3 years. My read going into the quarter is buyers are bearish in light of last quarter where sentiment going in was high going into earnings and are taking off risk going into this quarter. Check it out and if anyone see's same. Interested in your feedback. Thanks. T
Strictly looking at the chart, VSAT blew threw its support levels back on the 9th of July (200 day, 50 day, 30 day, 10 day & 5 day), and with no news, a queasy market environment early in earnings season has done nothing to help. That notwithstanding, if in fact there is a likelihood of a secondary offering, then does anyone have any idea at what number will that be and better question, how much cash will VSAT looking to raise? I'd look to see today's low of $18.36 tested again Monday, if it holds, then I'd be a buyer. If not look to see share prices drop to $17.46. I'd be a buyer at $17.50. I own XM & GLW and each did 2ndry offerings in recent past and dropped to offering level, and lower, then recovered nicely
Any updates on status on second round bidders for Direcway. Is VSAT still one of the Direcway bidders and if so, how would VSAT finance purchase. Also, what is likely purchase price and will the purchase be accretive?
Ave Daily volume on VSAT for last 13 weeks, 217,000 shares per day. Average daily volume for last 8 sessions since March 22, 81,033 shares. Average daily volume for last 5 sessions has been 66,000 shares. For a company with approx. 26 Million shares outstanding (+/-) and a float of approx. of approx. 9.0 Million shares, does anyone have any ideas why volume has so drastically dropped off? Thanks.
This is very positive for Vsat. Astrolink has not been a likely player in this space for some time. Management has been in transition and/or in transition for approx. one year. However, the player to step into this space is Wildblue, a customer of VSAT. Additionally, Wildblue is partially owned by Echostar (Dish) who also has a 50% stake in Starband and Echostar plans to be a huge player in this space which is part of the attractiveness of GMH. All for now but I think Astrolink's demise together with Echostar's purchase or GHM is major plus for VSAT.
yep great quarter, 25% better than expected earnings, but you've had share price double inside of 30 days (+/-), notwithstanding the the old adage, buy the rumor, sell the news. stock is now in a consolidating patern and should test 200 day moving average at 17 per share and if market weakens, then look for a test of 50 day moving average, 14. however, this is a great buy and hold story. accumulate dips and hold for long term.
Though a great quarter overall, there were a few
a number of things that came into play today from
Q3 report that were bearish; 1st, this was the first
formal statement from Echostar/Dish acknowledging that
there is no way for it to get into the mix in the
purchase of Direct TV which effectively focuses attention
on an unknown factor relative to future revenue
growth and costs to acquire subs; 2nd, sub growth for
the quarter was slower and more costly then some
would have liked though in line with expectation; 3rd,
in the conference call (after which shares went
lower),Charlie sounded cautious on sub growth and costs to
acquire new subs and the impact of a slowing economy on
future growth. He specifically made references to the
impact of higher fuel costs on sub growth and revenue
growth in this last quarter saying that there was a drop
off in sub growth when fuel prices took off in
Aug/Sept. Since Mark Nabi - MSDW and Robert Kaimowitz - ING
Barings did participate in this call, look to see if they
make or revise recommendations on Dish. Lets look for
a move off of today's close higher in the morning.
No need to come up with a plausible story by
Shib!!! Dish is very definitely a company that a trader
could and should have been making $$$'s in over the
last 2 months during the "45% drop". Furthermore, I
would have been a whole lot more impressed with
Streetadvisor's Mr. Hank Shore's call on March 30th, if he called
for a 36% drop in Nasdaq at the same time he pounded
the table to sell Dish!!! Now that would have been a
All the talk about Symc and IBM as being a match,
could be, let's see (sorry about the rhyme). Word,
however, is SYMC has been on the block for some time with
no takers. Its about time Symantec comes of age.
Thompson is great news. Also read the following: "Internet
software superstore Beyond.com(TM) (Nasdaq: BYND)
announced today it has signed an agreement to create and
manage a global online software store for Symantec
Corporation (Nasdaq: SYMC)...The Symantec software store is
scheduled to launch for U.S. customers in the second
quarter of calendar 1999. The international store, which
will be multi-lingual and support multiple currencies,
is scheduled to launch in the third quarter." Its
Eubanks leaving was the first great step forward.
Thompson's selection is next. His leadership should solidify
direction and possibilities for Symantec and pulls closer
the strategic alliance(s)with IBM....Who know's how
close Symantec's relationship with IBM may get? The
street likes the news up, $1.5 first half hour of
trading and for good reason. It looks like its time to go
long on SYMC!!!!!