I was in FFIV the day it put up dubious numbers.
It didn't decline 21 points, but rather 33 points.
Did that mark the end of the slaughter?
Hardly. The shares eventually wound up at $70.
I did average down, but not until the company put out
a more satisfactory quarter, did the shares really start
It was clear that the 70's needed to get taken out after it failed repeatedly to peek over 80 since earnings. This is healthy retracement though the stock itself is very sick. It would be very healthy for VM to establish a nice base in the 50's and then try to rebuild itself in the eyes of shareholders. We will say a prayer for the longs who die along the way.