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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (944)3/16/2006 11:22:38 AM
From: Mr. Red  Read Replies (1) | Respond to of 6370
 
I'm going to wait for a slight pullback on EGY - then buy. I'll continue to do that on the dips for a while. I'd like a double - but I'll let it ride for a year or two or three!!

Mr. Wexler, (or anyone familiar) what's the fascination with Finisar (FNSR) right now? It's another low dollar mover - a double in a month. The balance sheet shows a negative profit margin and more debt than money in the bank. Forward P/E is around 31 - yet it has doubled since Feb. 14. (This is why I hate daytraders - seems like collusion sometimes)