Taking First Profits On VMWARE (VMW) Short

Taking First Profits On VMWARE (VMW) Short

Last week I highlighted the extremely bearish day and candle from June 1st in VMW.  Read last week's entire analysis here: http://steadytrader.wpengine.com/short-side-opportunity-in-vmware-vmw/ The long tail and intraday failure at a new 52 week high...
Short-Side Opportunity in VMWARE (VMW)?

Short-Side Opportunity in VMWARE (VMW)?

VMWARE has become traders' favorite momentum name over the past twelve months or so, and for good reason – even if few understand what 'cloud computing' really is.  The stock bottomed in late 2008 near $17 and reached a new 52 week high...