I wish I had a virtual portfolio. It would not still own a small trading position in VMWare (VMW). I had made a killing trading this one…until tonight. The tiny remnant position I kept lazily on the sheets just imploded. The stock is down almost 30 percent to $60.
I think Cramer called EMC the cheap way to play it. I thankfully was tsopped out of this one about a month ago. It just got cheaper and only down 10 percent on the news. That’s what is so annoying about a 60 minute daily stock show. In a bad market like this, Cramer just can’t come across helpful. Pathetic really for all the good he says he is trying to do.
I guess storage AND virtualization is just a commodity. There are a ton of stuck people in both stocks. Really stuck. They are both toast.
The claws of the bear are starting to flail around.
Disclosure – Long VMW…until tomorrow.