TIBCO Software (TIBX)

Company

"TIBCO Software Inc. is a leading business integration and process management software company that enables real-time business with thousands of customers and annual revenues of more than $250 million. TIBCO's software is used by leading companies in a wide range of industries including energy, financial services, healthcare, government, manufacturing, retail, telecommunications and transportation and logistics." (company website)

Buy

9-Aug-05. Although the price of TIBCO is a bit below the price I paid for an earlier lot (25-Jul-05), I decided to redeploy cash from other positions closed today into another lot of TIBX. It's not the strongest chart in my portfolio, but it seems that a brief pullback has ended with a bounce off the 50-day moving average two days ago. There is still more than another month before the next earnings report.

• Price momentum (PPO) — stabilizing with the bounce
• Trend (ADX) — weakening, but buying pressure (+DI) is picking up again after the bounce
• Money flow (CMF) — becoming more negative during the pull-back
• Relative strength (RSI) — gaining strength again after brief decline
• Volume — down-days have been on less than average volume.

Sell

11-Oct-05. TIBX has made me nervous since it tested the $8.50 level last week and failed to continue the advance. Although it may just be touching-up with the moving averages, I don't want to take a chance, so I closed all my positions this morning when it traded below $8.

I made respectable profits on the first two lots (10% and 7% respectively), but took a small loss (-2%) on the third lot, resulting in a modest overall profit.