SATELLITE TRADE: BUYING A HALF POSITION IN F5 TECHNOLOGIES AT $160.30 (FFIV-US)

APRIL 25, 2019 SATELLITE TRADE: BUYING A HALF POSITION IN F5 TECHNOLOGIES AT $160.30 (FFIV-US)

JUSTIFICATION: We know F5 well and have profited from them many times in the last 5 years. Our last transaction was in April 2018, we sold the stock for a 40% profit at $163. We like the strong balance sheet and consistent growth in earnings. The company published earnings that were on track but less than expected which has created a buying opportunity. The Purple Chips target is $195.00.

WHO IS F5 TECHNOLOGIES: F5 Networks, Inc. engages in the developing and providing of software-defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.