I think it's too late in the cycle to short, too dangerous now. The shorts are dancing in the street full of themselves. That said, JNPR is wildly over valued, I would love to buy it in the 50 to 100 area. You might think I'm kidding you with that range, I'm not. At 50 JNPR would match CSCO multiple. Because of JNPR size and potential to be another CSCO like company, I believe JNPR deserves a higher multiple then CSCO. I have no idea what valuation the market will decide on as correct, no one does. I do feel many issues are still over valued, especially given the economic conditions we are seeing. My thinking is market based, sector based, and stock based, all driven by the economy. Yes there is certain amount of feel to it. I don't have a magic formula, is there is none. I'm just some guy that's been in the market for 25 years trying to sort it all out.
Greg |
