FAQs Frequently Asked Questions
FFIV's negative report could affect the perception of the group as a whole. When Equinix, ticker EQIX, disappointed the market on October 6, 2010, other cloud stocks immediately followed it lower. But after that short, sharp correction in cloud stocks, the group as a whole moved higher, outperforming the general market which, incidentally, also moved higher.
However, EQIX was never a leading stock in the cloud space. FFIV, however, was a leader. So it really comes down to whether QE2 can overcome the damage done to leading stocks over the last couple of days (as of January 24, 2011).
In the end, as we have always said, price/volume action of the major indices and leading stocks will point the way forward. After EQIX's gap down in October, a number of leading cloud stocks issued quality pocket pivot points which were buyable and profitable, so we emailed out a number of reports in real-time to members whenever we saw such activity.
|First published:||24 Jan 2011|
|Last updated:||24 Jan 2011|