Hey guys, I just got an exit signal for Blue Coat Systems (BCSI) from stockspotter.com after being short it for 9 days. I made a total of 7.6% from the trade! This was a really great call from stockspotter considering that just yesterday the stock was pulled down by a disastrous earning’s report. Blue Coat Systems Inc.’s fiscal fourth-quarter earnings plummeted 62 percent, a letdown that was compounded by a disappointing forecast from the Internet networking services provider. The discouraging news caused Blue Coat shares to drop more than 8 percent in after-hours trading.
Additional Company Info: Blue Coat Systems, Inc. designs, develops, and sells products and services that secure and optimize the delivery of business applications and other information to distributed users over a wide area network (WAN) or the public Internet/Web. The company’s products include ProxySG Appliance that serves as the foundation for secure Web gateway products and WAN Optimization offerings; ProxySG Virtual Appliance, a software that provides WAN optimization functionality.