Last 2 years, the market topped out around March, marking the beginning of the spring sell off. The key to how high will the high flyers fly <gg> will be Oct. earnings and associated fowarding looking statements.
If JNPR continues its explosive growth (not my words, analysts), it will likely see 300, and NAS will be at 5000 or higher. This is aside from split annoucements, and SP500 addition.
The longs thus far have had the upper hand on this one. $32,500 invested in JNPR at the end of the 1st day IPO, would have been worth approximately $1,296,000.
Neverthless, IMO, the magical number is 100B. If and whenever that is reached, JNPR is guaranteed to receive bad press coverage. That is when I cash out.
John |
