Wednesday, 18 March 2009

Autonomy Corp PLC - In long

My Buy Limit on Autonomy Corp was filled today. So the AtticFund is slowly (veeerryy slowly) taking shape. I don't think it was the best entry I've ever made as I think there may be a further drop in the price (assuming the current dip is a pullback), but my stop gives this trade a fair bit of breathing space.

The company announced today it had completed the acquisition of Interwoven Inc - a global leader in content management. This is good news, but may result in a drop in Autonomy share price depending on the complexities of integration.

Check here for the Reuters report on the purchase.

Happy trading dudes
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