F5 Networks, Inc. (FFIV) Message Board

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Technology Stocks : F5 Networks, Inc. (FFIV)

FFIV 234.22

+3.7%

Nov 21 9:30 AM EST

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To: Naggrachi who wrote (779)	4/14/2000 1:37:00 AM
From: Rarebird	Read Replies (1) of 1801

I don't even bother to listen to Buffoons like Hoey, Accampura, Dear Abbey or CNBC. I gave up watching Wall Street Week 15 years ago. But I have my own interpretation of what is going on here and for whatever its worth, this is it: I think the Nasdaq and FFIV are due for some kind of essential bounce over the next day or two. No, I don't think the rally is going to hold and I expect some more serious selling to follow. The S@P and Dow, along with the so called old economy stocks, will chime in on the next leg down. The movement in a small cap new era stock like FFIV will tell us when the decline in the broad market is over; for since FFIV was one of those stocks that corrected first, it will be one of the first to bottom. I'm going to be looking closely at the nature of the bounce in FFIV over the next week or so in order to determine if a bottom is in. First, I'd like to see FFIV move above last weeks intra day high of $76.50. If it can move into the 80's, I think any subsequent decline of 20% or more should be bought with a passion. Greenspan is another big key here, perhaps the biggest factor for the broader market: Investors/Traders are looking for a friendlier Fed. A sixth consecutive rate hike is coming up in March and there is a lot of fear out there that if Greenspan continues these rate hikes much longer, he is going to push this economy into a recession. There has been tremendous technical and psychological damage done to the Nasdaq Comp and some soothing words from Greenspan ( for a change ) would initiate a period of healing and repair.

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