MFE

OUR CALL ON $MFE (MCAFFE) HAS PROVEN CORRECT

Our long term bearish call on $MFE has proven correct. Our average short price is $43.92. The earning report validates our thesis that the bulk of revenues are coming from what has now been commoditized. The earnings report is in line with what we expected , but a disaster compared

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CONSIDER ADDING TO OUR $MFE (MCAFEE) SHORT SELL POSITION

$MFE shares are up strongly today on reports that it will unveil a new version of its flagship product on July 7. This run up is offering a good opportunity to build short position. We added to our short position at $42.40 and will add more going into July 7

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CONSIDER SCALING IN SHORT SELL ON MFE (MCAFEE)

Right here at $39.87 and continue to short MFE as stock moves higher. MSFT announced in November 2008 that it intended to offer a free anti-virus service. Lately, market participants have forgotten about the threat to MFE’s business and the stock has moved up. This provides a great opportunity to

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