F5 Networks, Inc. (FFIV) Message Board

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Technology Stocks : F5 Networks, Inc. (FFIV)

FFIV 260.41

-0.1%

Dec 23 3:59 PM EST

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To: gloff who wrote (1098)	6/22/2000 5:11:00 PM
From: gloff	Read Replies (2) of 1801

So why did I sell the majority of my position? 1. The Nasdaq is up 1000 points in less than a month. Time to correct. 2. The Stochastics that I use gave a sell signal on FFIV. 3. I don't believe the M.& A. speculation. If I was on FFIV's board I wouldn't want to sell. In 1-2 years this company could be worth $3 Billion and no one is going to offer quadruple current market cap for the stock. 4. There was a gap up from yesterday's close of 46 11/16. My guess is that window will be closed. I'm always amazed how gaps are so consistently filled. 5. Further run-up in the stock in advance of the FOMC meeting could be risky for buyers. If there is a Fed surprise and the Nasdaq gives back those 1000 points, F-5 will probably not be immune to selling. But if anyone knows reasons for the stock's run-up that I don't, let me know. It wouldn't take a lot for me to change my mind and reestablish my old position.

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