JNPR is a great company, no doubt. But do any of the longs here think this incredible move up might be just a tad overdone? I never short stocks. But, I did here. Short, at 210 1/2. I may get burned but, this chart is amazing, and I have seen too many times a stock sell off after being added to an index.(buu on rumor, sell on news) I may cover at a higher price. But everything about this move screamed,"Short me here please, how much higher can I go!"
Good luck everybody.
My fav. company Cree, 100 mil. revs., over 100% earnings growth, 34% net margins. Cree is selling for 40 times revenues( and some call it expensive!) while JNPR is selling at a cool 257 times revenues. Maybe JNPR is fairly valued here, who knows?
See ya
MB |
