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  • evansken99 evansken99 Dec 2, 2011 11:58 AM Flag

    deja vu

    I saw the CEO on Cramer the day earnings came out. What a salesman. This stock reminds me of the .com bubble in the year 2000. JDSU all over again. PE of 8000 and people line up to buy. My prediction - hype drives it to 150 and it falls off a cliff in June 2012. I'm neither long or short - YET.

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    • Why June 2012? What is your reasoning for that timeframe?

      Their year ends on 1/31, with full year earnings reported in February... why not March for that fall off of the cliff?

      Not likely it will get to $150... 'maybe' $125 at resistance, but even that is looking like a long shot now... their user conference is over, which is where all the hype will be, their P/E is 7000+, with only 2 cents of earnings of the TTM...

      I see a slow, steady decline until earning in February, then the Thelma & Louise scenario...

    • It's hard to tell if this is a "pump" writing some things that are accurate and then trying to scare shorts into covering now with plans to get back in short at 150. First, there won't be an opportunity to short higher. Second, heavy selling will set in and the stock won't even get to the 120's, let along 150. Either the poster is naive or trying to scare shorts into covering so insitutional sales can occur as high as possible. This is as high as possible, according to recent market action.

      • 1 Reply to everfoxy
      • To everfoxy. I might be naive but I'm not a "pump". After your post I went back and looked at the charts. 135 is probably more realistic than 150. I still think it goes slightly higher - briefly - because it makes no sense. This market often makes no sense. I don't know why the market is as high as it is since the country is 14T in debt with no end in sight.

56.03+0.40(+0.72%)Oct 20 4:03 PMEDT

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