Wednesday, June 28, 2006

Trade of the Day - F5 Networks Inc. NASDAQ: FFIV

As discussed in last night's watch list, we were looking for FFIV to pullback to the $50.00 area which it did on the open. After testing the $50.25 -$50.50 area for most of the morning, I decided to get long for a potential gap fill. The gap was not entirely filled, but I was able to grab almost a full point by this afternoon's close.

2 comments:

Glenn said...

I can't read, I thought you were looking to go short on FFIV today. I took it short and was in the money but it came back on me for BE. I guess mostly you are looking for longs, which I knew but I thought maybe you were getting bearish :)

Jamie said...

Not just yet, but maybe after 2:15 pm EST tomorrow :_(