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#1
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Looking at VMW as a short on a down day tomorrow
Wouldnt be surprised to see a pullback to some of its MA's. I am long on EMC but this stock has 332 shares outstanding and EMC has a float of over 2billion, so this stock as you all have seen can easily run up 4-5 points, while EMC will move 40-50cents. VMW's 50dayMA is 68, so it has room for a pullback. Again, will be watching it for a SHORT, on a negative day. Could have a nice day and the stock runs as in the past but looking at the day it had today, I think it is overbought and could be heading south in the short term. Just something for you all to keep an eye on. GL on your trades tomorrow.
http://finance.yahoo.com/charts#char...urce=undefined
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Its all about the U 2011-12 NBA: 132-99-5 2012 NBA Playoffs: 34-31-1 Last edited by whodi; 09-14-2007 at 12:25 AM. |
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#2
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Hey Whod, I have actually shorted it on a daytrade a few times in the last couple of days. Looking to do it again tomorrow. It's a tricky one though. I'm using very tight stops but I think if it can get a little downside momentum we can snag a couple of points easily. Good luck.
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#3
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was gone for the last hour, saw VMW took a little burger. Missed this one today. Didn't like the strength it was showing early on, so I stayed away from it.
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Its all about the U 2011-12 NBA: 132-99-5 2012 NBA Playoffs: 34-31-1 |
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