One of the stock market generals of late has been VMWare (VMW) - it just "filled the gap" (from mid May) but now is below the 50 day moving average. A tough one. I am going to begin a modest 1.1% stake here, and then add on either (a) a move over $67 or (b) a move down to the mid $50s. The former would signify a nice bounce back over support and the latter would coincide with a big move down in the greater market. I don't really care which it is.
Acme Packet (APKT) - same idea, but better chart. It has fallen right to the 50 day moving average. Hence I am going to throw 2.5% exposure its way. Another 'networking/tech' stock.
Long both names mentioned in fund; no personal position
Thursday, July 1, 2010
Bookkeeping: Starting VMWare (VMW) and Acme Packet (APKT)
Best Of FMMF
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows