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Riverbed Technology, Inc. Message Board

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  • newandadd2 newandadd2 Jan 6, 2011 8:14 PM Flag

    WTF is going on????

    conservatively be 42 by earnings. unless something spectatular is said I will then cash out - market is due for a dump and won't want to lose the upside - hope it waits that long.

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    • plantatfla Jan 6, 2011 10:28 PM Flag

      What's happening is the price is bouncing off of the bottom trend line.

      Look at a 10 day/15 minute chart, it's easy to see. RVBD does not look like it is failing soon since it held held the line at the close of day, gaining 2.8% while the Naz only gained .3%

      It has to retrace sometime but will hold $35 if the retrace happens in the near future. If a retrace does not happen soon, RVBD will likely have established higher support.

      GL to the longs ... my deepest sympathy to the shorts.


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