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Technology Stocks : F5 Networks, Inc. (FFIV) -- Ignore unavailable to you. Want to Upgrade?

To: James Calladine who wrote (698)	3/23/2000 10:50:00 AM
From: Rarebird	Respond to of 1801

<Would you say that the market is seeing a firm bottom for FFIV yet?> No. Not Yet. FFIV has hit marginal new lows over the past few days. From a technical perspective, support exists at the 200 day moving average at $85.5. If the shorts cannot push FFIV below $85 by the end of the month, they will move on. <Do you see FFIV attracting upward momentum players again?> Most definitely. Momentum Players are a fickle breed. FFIV is basing out here and testing the waters on the down side. I expect the test to be successful and the stock to be dramatically higher in the next few months. Relax. This is a great company which is presently selling at bargain basement prices. Don't look at the ticker on FFIV every second. The stock goes up and down a point on many ticks. The float is small. But there is a lot of support for FFIV in the mid 80's. FFIV is entering the quiet period very soon. Although the CEO will not cater to the momentum players here, the shorts are not going to get the bad news their looking for either. IMO FFIV is the next CSCO. Recently, the CEO, Jeffrey Hussey said that " FFIV is just in the bottom of the first inning as far as growth is concerned." The shorts and MM's want you to give up your shares. They are testing FFIV longs right here and now. I know that game all to well. Buy more here. You won't regret it.