Algokid

Another reason NOT to listen to Wall Street

NASDAQ:FEYE   FIREEYE INC
203 6 6
FireEye             ( FEYE             ) , once a darling of Wall Street is now nothing but a poster child of the upcoming tech bubble. Analysts LOVED that stock , especially Wells Fargo. Traded well for a while, but has since lost all its glory. Do your own due diligence before listening to Wall Street.

Cheers

Algo
timwest PRO
2 years ago
The best ideas are when fundamentalists LOVE the chart and then the technical picture turns ugly. Then you have nothing but the weight of the future sellers to drive the price down. The BEST thing to do is to marry both disciplines so we can find ideas just like this one to sell short. This was about the steadiest, most persistent declines out there. This is the kind of trend I want to find. Throw in a ridiculous valuation of $9 billion at the top of this chart when the revenues were only a few hundred million and you have an explosive opportunity on your hands. FEYE just guided down their revenue forecasts by a lot - dashing hopes. NOW it is a much better BUY candidate than a sell candidate. This is how Wall Street Works. IF everyone loves something, then who is left to buy? That's why I want to know what people think about a stock, so I have a better idea of when everyone loves an idea so I can short it once it breaks. Thanks Algokid.
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Algokid PRO timwest
2 years ago
Very good point Tim !
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timwest PRO Algokid
2 years ago
FEYE has been a good trade on the long-side here since your post.
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andrew.berg
2 years ago
Technical buy could be if it will trigger above $31.25 (gap pivot point)
+1 Reply
timwest PRO andrew.berg
2 years ago
Did you catch it??
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TASAVANT
2 years ago
Sell side analysts represent the company they cover as those companies do other big business with their bank...
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