+ Watch BLOX
on My Watchlist
Stock still overvalued despite today's big fall. It should never have risen above $10, IMO.
Not shorting, but to keep my CAPS score, Let me see How it works
Almost a 50% sell off for a revenue miss when they simultaneously beat net income expectations. Government contracts are slow and come in spurts... It isn't the slow and steady these analyst want to see. They will crush analyst expectations sooner than later and I will take ~10 p/s profit.
Call me crazy, but I just sold naked puts on BLOX, because this just might be the bottom for this ticker's price. I know zilch about BLOX, but I love to make money, and CAPs points, when cowardly investors sell out at a 48% loss like yesterday's. It's the story of Chicken Little. Sure I may be wrong and management might prove themselves inept, but I can't figure why a 4% reduction in revenue means the company is virtually worthless to investors.
performs well everyday
This is a amazing.
Infoblox's array of customers are strong and growing. A tech company with a revenue stream... imagine that.
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