Pure Storage Inc (PSTG)

[chmcnfunds]

You have played it right so far and I believe what you are saying, but I'm still waiting to see how it trades with the big open gap from the gap-up.

I'm sure you saw the Fly story yesterday:

Nimble Storage could still be 'in play,' says Maxim Maxim analyst Nehal Chokshi recommends investors hold on to shares of Nimble Storage (NMBL) after the company announced a deal to be acquired by Hewlett Packard Enterprise (HPE) as he believes the company may still be "in play." He views Microsoft (MSFT), Cisco (CSCO) and NetApp (NTAP) as among other potential suitors for Nimble and adds that the $40M break up fee "is not too significant" to prevent other suitors from stepping in. The analyst, who has a $14 price target on Nimble based on its stand-alone value, added that the takeover price it garnered reflects positively on the valuation of peer Pure Storage (PSTG). Nimble shares closed yesterday at $12.58, above HP's $12.50 per share bid.

Read more at:
http://thefly.com/landingPageNews.php?id=2517136

PSTG