The markets are trying to get uglier an…
The markets are trying to get uglier and the bulls are retreating. Most violent on my screen this morning is Riverbed, which has been one of the most volatile stocks in the market for months now:
And it’s been wildly volatile the last week too:
Long-time subscribers know that I have been pounding the table on this one since it was in the low teens, but that most recently we were buying common and calls in the name around $32 a share. After having reported yet another blowout quarter since we got that opportunity to buy more at those prices, I’m not sure the market will give us another chance to get in down there. If hadn’t just recently been a buyer of this one, I’d take a look here. I’m holding my common and calls steady in this one for now given that we did buy lower recently.