Friday, July 23, 2010

Bookkeeping: Selling Most of Remaining F5 Networks (FFIV)

Usually these post earnings pops last about 3 days before some pullback... we are near the end of day 2, so maybe there is 1 more gap up left in F5 Networks (FFIV) Monday.  I'm not that greedy, hence I am throwing a red flag onto the field and yelling "that's egregious!" as I sell 90% of the remaining position.  A lot of this stock's secondary technical indicators are off the charts right now.  It might be difficult to find a good re-entry point with a stock moving like this but there are plenty of other fish.  (that gap right below $78 would of course be an ideal point to re-engage).  I'll let the daytrader momo boys take it from here.

Long F5 Networks in fund; no personal position

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