More "fallen angels": ITRU and FFIV.
Both were red-hot IPOs which debuted 3 or 4 months ago and both are now (IMHO) very oversold.
FFIV: Peaked at recent high of about $168 and has steadily sold off, probably due recent release of lockup shares. Went down as low as $102 today, then bounced back to finish at $110. They have a cutting-edge technology which manages data traffic for corporate Internet sites. Their product routes incoming data to the network server best able to handle the customer's request. Stellar customer list: BellSouth.net, MCI Worldcom, BankAmerica, Microsoft, Exodus, etc.
ITRU: InterTrust Technologies has software which makes it possible to divide the proceeds of sale or rental of intellectual property (which has multiple collaborators) sold over the internet, regardless of specific content. It can be used for books, software, music, etc. It's technology is critical to e-commerce and may be critical in overcoming the internet piracy issue. Stock recently plunged from $187 to $120 due to Salomon Smith Barney initiation of coverage with rating of "neutral" on 12/15. Classic case of an analyst totally missing the boat on this one, so take advantage of it.
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