Been lurking on both the SI & YHOO boards - overwhelmingly bearish - would you say? IMO, and I could be wrong, based upon how well JNPR has held up with the Naz tanking pretty good over the last few weeks and all the bearish " I'm going to see this stock in the 50's" or whatever, it seems to me that the shorts are going to learn a very ugly lesson very soon. Again, just my opinion. This is a controlled stock with tremendous upside top line projections for the next couple of years - regardless of what any of you think CSCO or LU is going to do. Right now, JNPR has the market - forget 1 year from now - that's all debatable until competitive products are available and proven. So right now, everyone is still talking vaporware. Forget about valuation for a second - this stock still has a very low float being purchased by insiders with the lock-up still on for the next 2 months or so. Therefore, when the big boys (institutions who are behind this stock) want to move this stock - they can, and with help from recent insider activity, tells me that this baby is going higher. The traders trying to short their smallish couple of hundred shares in an attempt to move this stock down is fodder at this stage of the game. Long-term, the shorts may have their day in the sun. For now, the market action tells me that the shorts are going to feel a lot of pain soon. Again, JMHO. Call it a gut feel for the price action of JNPR at this time - you know, August, Naz down, higher interest rates, overvaluation, everybody wants to short - think they got the next big one on the way down- and boom - lo and behold - the ones that thought they knew didn't know. So tell me - with all the doom and gloom - why is JNPR hovering near the high 150's. To tell you the truth - it's amazing to me but then again, the market has strange ways of telling you things. BTW, I'm long with a few hundred shares and am ahead - if the shorts are right and JNPR crashes from here, I won't get hurt at all - got my sell stops in. Good luck all.
jmanvegas |
