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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: wannaBrich who wrote (9467)	8/22/2000 8:41:21 PM
From: wannaBrich	Respond to of 24256

FNSR: Closed on 8/22 at 38 7/8. Finisar Corporation (Nasdaq:FNSR - news), a leading provider of gigabit fiber optic solutions for high-speed data networks, today reported financial results for the first quarter ended July 31, 2000. Revenues for the first quarter of fiscal 2001 grew sequentially by 32% to a record $27.2 million from $20.7 million in the fourth quarter ended April 30, 2000. This represented a 96% increase from $13.9 million in the prior year period. Sales of optical subsystems grew sequentially by 42% to $22.0 million in the first quarter from $15.6 million in the fourth quarter and by 132% from $9.5 million in the prior year period. Sales of network test systems totaled $5.2 million, up sequentially from $5.1 million in the previous quarter and up 18% from $4.4 million in the prior year period. biz.yahoo.com

To: wannaBrich who wrote (9467)	8/22/2000 9:11:12 PM
From: If only I'd held	Read Replies (1) \| Respond to of 24256

In this market...it looks like it's time to take profits to me. Yes...record earnings, but a record price too. In other words, it appears to be fully factored in. The split thing is probably just an idea to hopefully stop the stock from dropping on the news. Kinda like..."bonus news". But I would say if you can get a good deal on the stock...somewhere around a P/E of 30-35 or so, I would try it. The company has had 3 qrtrs of killer earnings. I have no idea whther they can maintain that pace in a slowing economy. You guys would have to tell me that. They are to be on CNBC in the morning. hmmm, sure seems like an awful lot of table pounding going on. I would probably just daytrade it until it settles for now. Might be able to make a few bucks on some volatility tomorrow...but overall...it looks like profit-taking is coming.