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Fear & Greed Trader
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INDEPENDENT Financial Advisor / Professional Investor- with over 30 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice and Experience to produce Portfolios focused on achieving positive... More
My company:
RTR LLC
My blog:
Stocks4Income.com
  • FFIV- Update #2 0 comments
    Apr 25, 2013 9:29 PM | about stocks: FFIV

    F5 Networks reported last night and the results were nothing to write home about as everything in report was "In-Line" . Their markets in Gov't and Telco remain soft.

    The positive that I can take away from the position is the latest price action, as we may in fact have seen the lows at $70. Stock rebounded this morning after that report and could have easily cracked again.

    Believe the worst is over and currently holding on to the position. FFIV will be a candidate to sell calls against as the premiums are quite good and will help put income into the position.

    My Timing on this call was off but I believe we can dig our way out of this situation. There was an analyst upgrade to BUY today with a price target of $110. Once things improve we may see more of that.

    Disclosure: I am long FFIV.

    Additional disclosure: Stocks for Income means just that at Stocks4Income.com

    Themes: F5 Networks Stocks: FFIV
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