Disclaimer: The opinions in this blog are not to be taken as recommendations to buy or sell any of the securities mentioned. If you choose to invest, you are doing it at your own risk.
Tuesday, September 02, 2014
BOTTOM FISHING FOR RETURNS
How long can FNSR (19.26) can be held down? The stock price needs to close above 19.97 in the next few trading sessions for a positive sign.
Opinions on FNSR: http://www.theflyonthewall.com/permalinks/entry.php/FNSRid2064689/FNSR-Finisar-selloff-brings-attractive-entry-point-says-Piper-Jaffray?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=theflyonthewall.com
Obviously it fell through the floor after disappointing earnings report and outlook. Now looking for a new base, patience may pay off.
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