Traders still have not caught up to slowing growth at VMW. We believe that the earnings report tomorrow will make it obvious that VMW is no longer a hyper growth story.
Add to short positions on up spikes over $ 38. Add aggressively if the stock spikes to mid forties prior to earnings.
Cover part of the positions in after hours if we are right. We suggest covering 10% of the position under 35, additional 20% under 31 and 20% under 26.