xtahce & DHaaland, sorry but I agree with iowaman and FLACK on TSIX
I don't see anything on the TSIX chart screaming "buy" right now
To the contrary, the 5dma crossed the 20dma last Friday,and the MACD turned down. It has closed lower for each of the last three days and has no definite bottom yet. No reason to try to catch this falling knife.
Whatever bump they got from their earnings report last week didn't last too long, and even if they are revising their Q4 estimates upward and have 1.4 billion in backlogged orders, I don't see anything in the charts saying now's the time to buy in. Perhaps anyone interested should wait until after this showcase they're having on November 30th to see how that moves the prices.
If I were interested in putting any money into a fiber networker like TSIX, I would probably take a closer look at MFNX, but I wouldn't buy that right now either, as the continuation of this naz rally of the last two days feels a little iffy.
JMHO, do your own DD, etc. |
