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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 262.68-0.7%Dec 12 3:59 PM EST

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To: John Liu who wrote (1361)3/2/2001 7:36:33 PM
From: Mike Farrar  Read Replies (1) of 1801
 
Near the very end of close today, their was a 55,000 share and a 45,000 share block of stock go through at the ask. FFIV has been suffering from the NASDAQ getting is butt kicked and very light institutional buying. If the inst. buying interest continues, FFIV could easily double before earnings in 6 weeks. FFIV is extremely oversold, and still has a huge short interest present. In 4 weeks( or hopefully sooner ) the FOMC should cut interest rates at least 50 basis points, and then with earnings coming up two weeks later, could be a very good month and a half for the longs, and intense pain for the shorts.
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