$FTNT on watch

$FTNT is down in sympathy with $CSCO. Looks like it just broke the bottom of a channel with support around 20.

I will leg into a position starting around 22. Strong management (Ken Xie who sold NetScreen to $JNPR for 3.5B), good recurring revenue subscription model and Gartner Tech Quadrant leader. $FTNT is the real deal. I like their story and I like them around 20-22.

NINJA EDIT: If $HPQ could have kept it’s shit together I think they would have made a play for $FTNT.