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

23-Sep-05. I decided to add to my position in TIBX, since I had a nice cushion in the form of two earlier lots, and I believed it was taking a bounce off the 200-day moving average.

• Price momentum (PPO) — oops! losing momentum
• Trend (ADX) — weakening
• Money flow (CMF) — neutral
• Relative strength (RSI) — neutral

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.