$FEYE is being completely decimated in after hours trade, down about 15% and sitting at new all time lows.
I have a 5% position in this name, and my basis is a laughable $34.50.
Why do I still own this you ask? Because I am a dumb shit and like to own the worst stocks possible.
I anticipate the open tomorrow will bring a waterfall of sellers, fleeced with panic, fear, and a new found hatred for this company. Any persons holding any position in this stock now represent an easy target, backed into a corner with absolutely no hope for relief.
So I can capitulate for a massive loss, or ride the morning pain train.
So yeah, I got that going for me. Was hoping that might cheer some of you asshole trolls up a little bit, seeing as you’ve gotten quiet lately. Feel free to point and laugh.
If you enjoy the content at iBankCoin, please follow us on Twitter
Whats your stop? I heard having no stop is semi retarded lol. I got stopped on FEYE – think it was just in the last week or two.
BWAHAHAHA. +
1$34.50I think that using multi-day hard stop orders (as compared to stop-limit orders) on long-term positions is retarded. Might as well just write a check to HF traders and buy a “Flash Crash Bagholder” T-shirt to keep you warm when you are sleeping under a bridge.
lol
I intend to buy their shares tomorrow morning
“I AM BUYING OPTION ADDICT, VERY CHEAPLY.”
lolz
That gets a +1 for self-deprecation.
I laughed… 🙂
Lol $
I welcome the trolls. They seem to make us plenty O money and serve as great contrarian indicators.
Aww, sh*t. I don’t have much of it but I do own some stock. I ditched GPRO last week because it was dead money, seems the case with this one now, too. Similar knife catcher charts.
Nobody’s perfect OA. Coulda went either way.
can’t point and laugh. my basis is $32 🙁
FML
Too many excellent setups out there to be hanging onto losers. Be gone with it, we shan’t speak of it again. The next NK trade is waiting.
Screw the Trolls. They don’t have any money to invest anyways.
this is making me nervous for CYBR report tomorrow
yeh. at this point. can’t expect it to be great
It’s only money. Next!
I don’t see the trolls? This market rip must have eviserated the last of them, laeving the blessed buzzards a feast.
Sell calls against those shares and ride that FEYE back to glory….someday. You have great patience, that I lack.
Is that gorilla from ‘Trading Places’?
was about to ask that. think so.
Yep.
A short term bounce is possible but their growth rates are coming down and for the current shareholder base, that’s the most important thing. (Their burn rate is so high, P/E is not worth discussing.) Firewall competitor FTNT sports a 6x multiple, but they have a much broader and compliance-mandated product offering. (6x would mean FEYE $22.5.)
That said, at any point the board could switch gears and agree to sell, which puts 8-10x sales back on the table as a “technology acquisition”. (10x-ish is the high-end M&A comparable that Cisco used for Sourcefire.) Rumor has it they got a $70 offer from MSFT last quarter, who knows if its true. I think $45 is more realistic.
If you’re in it for the long haul, keep an eye on endpoint traction. I haven’t seen the transcript of the con call, but that’s the make-or-break product from where I sit. The other thing to watch for is a shareholder revolt, demanding Kevin replace Dave at CEO. How the stock responds will yield some clues.
Good luck!
Now that is a bad ass comment. Thank you for taking the time.
Excellent comments. Are there names in cyber security you like best right now?
CHKP is the flagship and the best of breed. JNPR is next as the firewall of choice for the budget IT dept.
Both of these solutions have the large user install base needed to move forward.
So don’t dick around with anyone else because a security platform without a robust user base is like a bunch of hookers working the same side of the street.
And why the fuck would MSFT buy a firewall company? A rumor not even worth a second thought. I don’t know where you get your info but it’s bogus.
Ummmm do you understand what a firewall is and the difference between that and what FEYE does?
CHKP is far from best of breed. That is a fucking joke. Compare R&D, product line up, client line up…
The stock is for shit, but as far as product goes it’s strong.
Golly, why would MSFT buy a security company? That really requires a leap in ones thinking. There are many potential buyers especially as these prices. Doesn’t have to be MSFT.
and I will take you up on that offer and fuck your sister since you like me so much.
Feye and ftnt. Double whammy on me 😉
Could be worse.. you could own GPRO.
Ouch! I will pray that FEYE gets the buy-out offer that graystoke mentioned, $45 would be okay, Might have to hold it for awhile for that to materialize though
In this one as well with a slightly lower cost basis 29-30. Looking for a reversal to sell into Obviously could be wrong and it dives into the abyss. This god for saken name raped me in the past but this time just feels friendlier. lol
well….it started as rape
Sell Randolf! Sell! Goddammit!
My cost basis is 38.20, but this post made me laugh out loud!
+1
Sell some premium to decrease your cost basis. Stock you can hold forever, and the margin required will be less because you hold the underlying. Ideally you can sell puts after the open tomorrow, but that will kill buying power and margin required. So you’re only good option is to sell calls on any strength. Or just close it out, but what fun is that? Selling calls sucks for takeover risk.
Hey OA, in terms on sentiment cycle, where do you think we are? From my perspective, it’s a mix of denial and returning confidence, though I feel like at this point it’s more of the latter. A lot of people I know who were selling 10% ago and thought the market was toast are on the way back in, while a few others still seem to to be in, for lack of a better word, denial and have simply sat on their hands the whole time.
Your FEYE is my CLF from 2012-13!
I’ve avoided this whole space as it just seemed too frothy and hyped to me. Also far too many traders in it so tough to get an edge.
I missed out on some nice gains in panw though so prob was dumb to just ignore it. I have always had a tough time understanding software companies other than Microsoft and CRM so I have avoided them
FEYE management has not treated shareholders very well. I wish Citron Research would review them. But I’m sure they are busy counting their money.
PANW has taken a hit after hours in sympathy with FEYE. I think PANW is the real deal with great long term prospects. They report Nov. 23.
you better trade around it until you get your money back. i traded FEYE three times for three wins. bought in after hours at 25.16. i intend to win a fourth time.
pre market has some 23 prints
debating whether to hold UGAZ through inventory. Yesterday wasn’t only warm here, it even felt hot. This is November, it’s normally in the 40’s here at this time of year.
Other debate today is whether to hold SHAK through earnings….It’s going to be a 10% move either way on this one.
So off topic, but I got to play poker yesterday and was involved with a hand. Playing $1-2 NL, sitting a few spaces behind the dealer, limp into a hand with 88, flop comes 8 5 3 with two diamonds. SB bets $8, two folds, I raise to $20, dealer goes all in with $35. SB re-raises all-in to $350. I have the same chip stack. Read on the player is that he is relatively tight. What is your play here?
Snap call because you have the best possible hand on that flop? Only way you can lose is if you get drawn out on. If you have a problem calling, sit in with less money or don’t play. Sure the guy could have a straightflush draw and actually be the favorite, but hes also likely to have a set of 5’s or 3’s or AA. Plus, you can hit a full house to beat a flush or straight anyways.
Trips is not that strong a hand with the guy holding a straight and flush draw on the flop. He calls that and he’s putting his entire stack on the line. I would fold and wait for a better opportunity.
Got out of UGAZ pre-inventory
On topic – one of the key hurdles in the cyber security business is employee turnover. I am in that industry and one of the key issues we try to guard against in the company is turnover. That being said, I cold call people in other companies and try to lure them away to join our company if they have a skill set we are looking for. Word on the street is that employee turnover is bad at Fireeye (like 30%). We are still working on our business strategy and are focused on providing risk assessments based on compliance standards (ISO 27001/2, NIST 800-53, etc) and coupling that with exercises for an incident and training centered around findings from the previous two. It is in-depth, costs more money than buying a device to stick in your network, but it does actually evaluate your people, processes AND technology to determine where you are vulnerable and what your risks are at those points. Also provides a basis for insurance should you be looking to purchase that….
My guess is that the guy betting $350 has a 4 6 diamonds. It’s really a toss up. You only have $20 in there, I would fold.
that’s not a straight or a flush. There’s lots of open ended straight flush draws, but you’re a small dog at worse with a huge overlay of both players cash in the pot. They could also have each other’s drawing cards. Plus, tight players probably don’t play 46s. If someone has AK of diamonds, and the other has 76 or 45 rather than the open ended flush draw having 15 outs, they only have 13 which you are a favorite against.
I would sell at least half. But psychologically it is very hard for me to hold onto a down position like this so I would probably look for tactical opportunities to exit 100% at the best price and consider measures to avoid this in the future (position size? stops? stock selection?).
Since the news is by now well digested the opening 10 minutes could be the worst of it which suggests waiting a bit before selling. I would also be interested to know if Exodus shows an ‘oversold’ and if so, hold on a bit before selling (although I don’t know how quickly the signal would be generated).
Where can a brother buy some orange juice futures?
VRX faking a move lower to make a move higher?
Bought a few VRX NOV 95 calls
Jeff, nice gogo trade, wish I had taken it….
Just think how Ackman feels!
https://www.youtube.com/watch?v=06wGR1oOoC8
I got scurred and sold FEYE into the run up on Tuesday. But just bought more than I previously owned at 22.15. Might have one last dip down to IPO $20 price but these guys are still growing like mad and cybersecurity/Fireeye isnt going anywhere. I’m in for the long haul from these prices!
Yeah but some great calls in there 🙂 I’m making more right now than I’ve made all year.