F5 Networks, Inc. (FFIV) Message Board

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Technology Stocks : F5 Networks, Inc. (FFIV)

FFIV 256.91

-0.8%

Dec 19 9:30 AM EST

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To: Peter Dierks who wrote (1343)	1/11/2001 1:33:12 PM
From: Rob S.	of 1801

I am more of a trend and technical trader than someone who buys into stories - although the "story" often helps. I bought a little FFIV and several other stocks that sold off dramatically at the end of last year (a sell-off that continued into last week). Many of these stocks are up 50%-100% from their lows and still have hardly moved compared to previous price levels. I look at the past trading ranges as technical hurdles (overhead resistance) but also count on past volatility to at least partially repeat itself. FFIV could make nose picks for all I care as long as there is a market for them to sell a lot of them and the stock chart looks extremely oversold. I think this one will participate more in the second stage market rallies - after the rallies in the leadership stocks has already occurred and greater confidence returns for money to rotate into second tier players. The chart looks good for a rise to around 28 but don't fall in love with it if it stalls at that level.

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