Wednesday, June 16, 2010

Bookkeeping: Adding Back to F5 Networks (FFIV)

Just as a word of warning, each time I have either bought or sold F5 Networks (FFIV) the past 3 weeks the market has almost immediately gone in the opposite direction of my transaction.  That said, while I mulled buying more yesterday, I am compelled to purchase today as the stock broke over a recent range. That said, like many stocks it up is 5 days in a row without rest so prone to pullback.  Since I now have a solid hedge on with a portfolio of shorts, I can make my long purchases a bit more hefty.

I'll add a 2% allocation around $74 to F5 Networks (FFIV)

As long as S&P 1108 holds I'll continue to look for names to add or start on the long side.  If it breaks we'll have our mental stop losses ready to go.

Long F5 Networks in fund; no personal position


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