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


To: D.Austin who wrote (1321)12/18/2000 5:01:29 PM
From: hamsandwich  Read Replies (1) | Respond to of 1801
 
I don't know if we've seen a bottom on this one yet D.Austin. Today's 16% selloff was on 2X avg. daily volume, which doesn't bode well. Tack on the new 52wk low and it seems like any bounce from here will be a dead cat.

Disclaimer - I got out a couple of weeks ago to secure a nice tax loss on my FFIV shares. I have no position currently, but think that the long term prospects for the company are good. The technology and growth rates certainly are attractive, but, until we get another earnings upside surprise (its been since about Q499 or so) or we see earnings revised up for a change, the momentum is out of this cat's sails. BWDIK