I don't want to cloud my judgement by actually doing any hard rersearch. I'm doing so well based on TA, sentiment indicators, etc.
Any company that feels the need to go after posters on the internet and that London newspaper/magazine (whatever) obviously cares too much about the stock price instead of the underlying business. They shouldn't even be reading SI.
I glanced at their numbers and it appears that FIBR only cares about getting an increase in sales and "earnings". The problem is, it doesn't matter how much money you earn, if you issue shares faster than you make money shareholder value is decreased.
I don't see FIBR as the leader in any of their fields, (which are obviously too many). They announce some new product all the time. These all happen to be in somewhat "hot industries". They think they are Lucent or Nortel or something. They should find a niche and focus on it. All they do is some stock swap overseas baloney and instead of coming up with viable products that they can produce significant income from.
I'm too busy researching worthwhile companies that are the leaders in their field (like CIEN, LU, TLAB, NT) or have interesting new ideas rather than dink around with FIBR. In the case of FIBR, I let the market do the work for me. The market obviously has come to the conclusion that FIBR is not worth much. As long as the chart backs me up I will continue to stay short and may add on any rallies.
Please don't tell me that I have no credibility because I'm too lazy to do the work and fully research FIBR. I will claim ignorance and CONTINUE TO MAKE MONEY SHORTING.
You can do what you want to do. I just happen to have a keen sense for when a stock is not acting properly, and FIBR fits the bill.
Only time will tell...
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