Friday, March 26, 2010

What Would You Do?

Let's see how how group consensus works in technical analysis.  As I look through the portfolio, F5 Networks (FFIV) provides a dilmena I often see.  The stock has pulled back nicely after a huge gain to the 20 day moving average (just above).  But it just created a potential double top.

[click to enlarge]

What would you do here?  Buy? Or Wait?

Being Mr. Cautious of course I am in the "Wait" camp..........but of course the status quo is to buy every dip.  Frantically.

If you want to take ownership of your vote above or post a specific reasoning, feel free to add a comment below.  I'll check back in a week for now to see which commentator is correct, at which point you will be rewarded with a FMMF Technical Analyst of the Week award. 

*no prizes involved*
*Residents of Hawaii, Alaska and that land mass between Minnesota and Alaska excluded*

Also for fun, check out this commerical for Chantix.  I don't know what is worse - the damage from cigarettes, or the damage from taking Chantix.  Holy side effects Batman.

Long F5 Networks in fund; no personal position


Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012