Thursday, April 19, 2012

$FFIV setup for new entry 4/19/2012

19apr - now that earnings are out, heres what im looking at for a possible new entry. now have a huge gap from earnings, and a smaller gap from last week. not comfortable entering now with credit put spreads..if stock pulls back to test the 50day will price out spreads at/below the recent lows / support line at 120. low of today is about 132.. breaking below that would expect it to keep going lower either to 50day or full gap fill. initial alert at 130.