Bookkeeping: Adding Back to Riverbed Technology (RVBD) on Analyst Note

Looks like there is a cautious note on Riverbed Technology (RVBD) from Oppenheimer - so we got sort of lucky here, as we (in error) sold most of the position earlier this week thinking earnings were on tap. With the stock in the $22.50s, which is the 20 day moving average I am going to swoop in and get my 0.2% stake back up to 2.5%.

Of course when (and if) momentum breaks on a stock in an uptrend you have to be ready to parachute out, but buying at the 10 day moving average has been a winning strategy for months. This is the first opportunity to buy at the 20 day since mid May.

I'll place the same stop loss I had for the past week and a half, down around $22 or just below. If this 20 day breaks it could have a date with the 50 day moving average.

Long Riverbed Technology in fund and personal account