Keeping close eye on JNPR Possible Short here

[whodi]

Bounced a little off its 200 EMA, so could make a run and hold but looks to be struggling and good chance it breaks support. Great and easy opportunity for $$$ on the break of support. Its definitely in a situation where it could make a nice bounce or have a total breakdown. IMO, I am leaning towards more to a break of support. Will definitely be watching this one and will Load up on the 1st sign of any weakness for the short opportunity.

6 month

http://finance.yahoo.com/echarts?s=F...urce=undefined


1 year is more clear, next support level if it breaks looks to be in the mid 20s


http://finance.yahoo.com/echarts?s=F...urce=undefined

[ZoomVT]

hey whodi, your links point to FFIV (F5 networks).

[whodi]

Originally Posted by ZoomVT

hey whodi, your links point to FFIV (F5 networks).

I was looking at JNPR on one of my other screens at the same time. The title should be FFIV, so disregad JNPR in the title. Its all related to FFIV. MY bad, little tired and wasn't paying attention. Good looking out.

[Goods]

lol, I just looking at JNPR thinking it's in the top of the channel in the overall downtrend. Not a bad short here. I'll check it out a little later.

[whodi]

I ended shorting FFIV this morning, average price is 30.35.

Mistakes like my JNPR posts will be great if it breaks down as well. I was looking at it last night but FFIV is what really stood out me.

[Goods]

Took some FFIV short with ya @ 30.10

[whodi]

Originally Posted by whodi

I ended shorting FFIV this morning, average price is 30.35.

Mistakes like my JNPR posts will be great if it breaks down as well. I was looking at it last night but FFIV is what really stood out me.

Shorted more at an average price of 31.73 bringing my total average short position to 31.04

[Goods]

I was thinking about it when it popped 32. Ended up shorting another 1/2 position @ 31.75 to bring my average to 30.65.

Do you have a stop in mind? I was looking at 32.65 but I'm not clear on it. Obviously a break over 34 is a no no.

[whodi]

Originally Posted by Goods

I was thinking about it when it popped 32. Ended up shorting another 1/2 position @ 31.75 to bring my average to 30.65.

Do you have a stop in mind? I was looking at 32.65 but I'm not clear on it. Obviously a break over 34 is a no no.

Just like RVBD, I gave it room because it had a few points before a breakdown and it rebounded and never broke into the downtrend and now I have solid profits and more shares out there. Samething with FFIV, sometimes, it may only be a 1 point or even 50 cents as far as stoploss. Everyone has there own limits. My limit is the high from July 11th, so I am giving it a few points and it it breaks, I am fine with that because that is the breakout high. Until then, I will hold and hope there is profit taking and a selloff from the last few days. It still looks top heavy to me, so with a few down days we can have a total break of support or it keeps moving, I obviously will sell and take my losses. Its your call as what ur willing to risk. I don't want to tell you what you should risk with your money but July 11ths High is my exit

[whodi]

Covered entire short today. Average cover was 32.23 for a loss of -1.19. Stock had to much momentum and volume was very high. Like the beginning of the post, I saw were it could make a run but i thought it looked more top heavy. Definitely was on the wrong side of this one. Fing Ran on me.