Thursday, July 1, 2010

Bookkeeping: Starting VMWare (VMW) and Acme Packet (APKT)

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


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