Chapdogs in the house

hey super... i got in on that VMW IPO. just sold today at 56.5 lol got at like $29 last week. only 10K but fuck it.. almost doubled. I love being an insider.
 
hey super... i got in on that VMW IPO. just sold today at 56.5 lol got at like $29 last week. only 10K but fuck it.. almost doubled. I love being an insider.

Being a broker, I am automatically banned from most IPOs. The only ones I can participate in are those deemed "not hot"... translation... they tend to suck.
 
that sucks Darla... so would u agree that today me selling my VMW and buying more EMC was a good move? i feel like EMC will pop to $22+ over next few weeks.
 
that sucks Darla... so would u agree that today me selling my VMW and buying more EMC was a good move? i feel like EMC will pop to $22+ over next few weeks.

To $22? That is pretty damn optimistic. There is a lot of resistence built into it around $19.50. If it breaks through that, then it should rally to $24 range. I doubt you see that happen in the next few weeks. To many negatives floating around the market right now. I think we had a dead cat bounce and are likely to have another move down before we start to recover.

It will be interesting to see how the Fed reacts. Hopefully they won't do anything until the September meeting (at the earliest).
 
To $22? That is pretty damn optimistic. There is a lot of resistence built into it around $19.50. If it breaks through that, then it should rally to $24 range. I doubt you see that happen in the next few weeks. To many negatives floating around the market right now. I think we had a dead cat bounce and are likely to have another move down before we start to recover.

It will be interesting to see how the Fed reacts. Hopefully they won't do anything until the September meeting (at the earliest).
yes i know about the short interest but my reasoning is that VMW ipo was a smashing success and its only like 10-15% of VMW that spun off.. the rest is built into EMC at a 40% discount. Part of the reason is lots of the VMW base pulled money from EMC to buy.
 
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