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shlomi

How long shall they kill our prophets While we stand aside and look?

Started Jul 25 at 12:11 ET (By shlomi)

Symbols: ABK, VMW

Did I say prophets? I meant profits. It's true that Vmware (VMW) was the first prophets that predict the potential of the virtualization market. Right after their IPO the stock sky rocket, making more than 100% over the first 3 months. However things are not that bright since, I'm down 22% and that's after averaging the cost basis each time it went downhill.

So...What's next? I can't really say. I'm staying long with this position hoping for a change.

4 Comments

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guliamo

guliamo

Jul 25 at 12:55 ET

It's amazing that such a great company got beaten up like that. I hold my opinion that as time passes, Microsoft's competition will seem less and less threatening to investors.
Personally I don't hold this stock but when the market rebounds I expect it to do very well.

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blacktuna

blacktuna

Jul 26 at 4:25 ET

Not much to do accept stick to fundamentals. Watch P/E's on your acquisitions.. high P/E's mean the market will have little patience for the company and a slightly off quarter will send investors running.

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ViralKing

ViralKing

Sep 02 at 11:51 ET

I just bought ABK mainly because you did (I know a bit about them so no blame game) but im in quite heavily, a few k, and now i see you sold again after taking the loss. Why did you sell, was there bad press?

Please let me know

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