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To: nicewatch who wrote (5192)

5/17/2017 8:16:43 PM

From: The Ox

2 Recommendations

Recommended By
Investor Clouseau
Kirk ©

Respond to of 8239

I wrote this last week on another thread:

From: The Ox 5/11/2017 10:33:51 AM
To: The Ox who wrote (3605) 2 Recommendations of 3608

I would add that VXX hit a very short term downside target (below $14) which was generated on the last move up over $18. Very possible to see high $15s or more soon....

VXX closed at $16.10 today....(as high as 16.29 after hours it seems).
This may be a little blip but the setup is ripe for a backfill move in most of the major indices.

INFN is a little more difficult because they have substantially diluted their stock over the past few years, while under achieving their own metrics. Under promise and over deliver is a much better strategy. Back in 2015 they started to promise the world but they were either caught up in their own hype or worse, were hyping the stock at the absolute worst time. Hard to understand, considering I believe that they have been in the sweet spot of their vertical markets during these last 2 years. I would say they have continuously "slipped on the banana peel" since mid-2015. Maybe they have known this all along...hard for me to judge from the periphery.

While the price appears downright attractive, I can't help but wonder if the fact that nearly every stock in their sector has "outperformed" them will continue to weigh on the near term? Negative EPS for this year and next year's revenue is only expected to be 4% over last year's (from the analysts). Seems to me that it would be better to wait and see if these numbers start moving the "right" direction before getting too committed to a chronic under achiever.... I still believe they are in a "sweet spot" but I'd like to see them start to show bottom line performance and not potential talk or worse, hype.

I'll put them on reversal watch again....