Buying Back the Riverbed Technology (RVBD) I sold a few hours ago

Wow, what a move down! I sold 1/3 of my Riverbed Technology (RVBD) around 11:30 AM for $51. Its now below $45 or a drop of >11% in 4 hours.

Ironically I wrote "I will be happy to buy back any of these positions on any meaningful pullback."

I didn't expect that meaningful pullback to come 4 hours later.

I will buy back the shares I sold. Amazing. But still being cautious overall. This market could turn ugly quickly as many stocks have no technical support for quite a ways down (like Riverbed just showed us) In a normal market I'd add more than the position I just sold, on such a dramatic fall, but I want to see how things shake out - this could be the beginning of bigger things ... or a 1-2 day decline. Let;s see how eager bargain hunters are in approaching this market - and I use the word bargain very loosely.

p.s. Baidu.com just fell to $301.25, down 17% from its high today. Those big round numbers provide psychological support. Let's see how it handles the last 30 minutes of the day.

Long Riverbed Technology in fund