Ruckus Wireless purchase

February 13, 2013
I had been watching Ruckus Wireless, an IPO from November 2012.  I missed the breakout in December, and was waiting for a pullback to buy.

I bought shares today at 22.37 after its earnings report on Feb 12.  The stock has became very volatile, moving around 12% today.

I have placed my stop at 20.75, right below the recent low of 20.76.  The stock should not break below this point.  If it does it will likely go down much more.

 

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