Earlier posts on F5 Networks (FFIV) can be found here - I'd like to see what the company has to say about the recent aquisition in the next earnings report/call on October 24th and then re-assess. With the sector overall doing well, hopefully F5 can partake.
My buys in F5 Networks in early August were in the (split adjusted) $32.50 to $37.00 range. With the stock around $37.40 today, I am closing this position with a flattish return. Technically the stock suffered the past 2 days - after a spike up to $41 last week (when the stock was above both its 50 and 200 day moving averages and looking good) the stock has promptly given it all back, violating first the 50 day average at $39 and then yesterday closed below the 200 day average of $38. Not a good sign. While technicals are not fool proof (see Sandisk from yesterday), I am going to remain consisent in how I treat these names when they violate key technical areas. Also, this brings the # of positions in the fund down to 57.
No position
