Well, believe it or not, I actually like JNPR. Way more than CSCO. JNPR sells Ferrari's, CSCO sells Fords, that's how I see it.
Whether I suggest one go long JNPR here, that's another story. I am not going to get trapped into saying yes, only to forget about the thread and have somebody 6 months later insult me for still being long when I probably dumped it. On a persoanl note, yes, I picked some up yesterday at 53.
Didn't pick it up at 36, probably should have, but I was too busy making money on the short side.
This market became a clear cover though even before the Fed made the surprise rate cut. I took the opportunity to short in the 2200's, but quite honestly, I didn't make that much, and that's why I became suspicious over the weekend; the low volumes were pointing to a move like yesterday and a couple of more perhaps.
I think we are set for a COUPLE of more explosive moves to the upside and at that time, I will have to reassess. I believe the market (S&P500) would be a dead short at 1330ish and I will prolly dump JNPR there to. |
