Marimba (MRBA)

Company.

Marimba is "the only software vendor with end-to-end Change and Configuration Management solutions for desktops, laptops, servers, and devices." (company website)

Buy. I bought Marimba after it had made a nice rise from $5.50 to $6 on heavier than normal volume.

Sell.

General comment. Yesterday's announcement by the Fed triggered a general sell-off in the market. The Nasdaq continued the downward trend through the first six hours of today's session. Fearing that this might be the beginning of a substantial Nasdaq correction, I decided to sell several Nasdaq stocks to preserve whatever gains were still left, even though the stocks had been doing well before yesterday's slide.

Marimba managed to post a gain yesterday, despite the general sell-off. I thought it might be OK. But today it traded down nearly $2 at one point, although it recovered most of that loss. Earnings are due out after the close of the market, so I decided it was best to close the position until the results are in. Yesterday may have been exhaustion, or not. We'll see.