Wednesday, November 7, 2007

Out of VMware for now

Stock dipped to 102, a major selloff from yesterday's close at 110. I got out at 102.72. The Dell news has spooked off a lot of VMW longs, or rather, short-term holders. I'll look for a new entry point when the selloff is done.

Welp, here it comes. VMW is back up to 103.73 now. Figures. But I wasn't about to sit there and see a profit turn into a potential loss. Not going to complain about a $6 gain/share. When the sentiment in the stock turns, I'll re-enter with another small position.

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