“VMware today confirmed that it is in talks to acquire software development platform Pivotal Software, the service best known for commercializing the open-source Cloud Foundry platform. The proposed transaction would see VMware acquire all outstanding Pivotal Class A stock for $15 per share, a significant markup over Pivotal’s current share price (which unsurprisingly shot up right after the announcement).”
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I guess you didn’t look at the very last thread on this board before posting this repetitive info again?
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Clubbervision, that was a wasted post that just cluttered up the board. There already was a thread running on the same subject. Please pay attention.
Saul
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I hope nobody is trying to say this was a missed opportunity.
Yes, this was a stock that used to be discussed and held here (by myself, for awhile, too). But that was a year ago and most here got into the position between about $16 and $30 if I remember correctly. It ran up over $30 on the first earnings report, then started tanking with every report after that. Most got out in the mid $20s, after the first bad report, I think.
Before this announcement, it had dropped to $8 (yes, $8!), so the 70% gain really just reduced people’s losses if they were still holding and was complete luck at that. Most here that got out over $20 redeployed that money into other board stocks that probably have on average doubled in that time frame.
Exiting PVTL when most did on this board was a fantastic move…even if you “missed” the 70% pop today.
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