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Finisar Corp. Message Board

  • novalmer novalmer Oct 17, 2013 4:19 PM Flag

    FNSR entered today

    FNSR As we know from the Big Data craze the Internet cannot be built out quickly enough. At the turn of the century when the tech bubble burst more than a few companies that put down fiber optic cable in anticipation of ever increasing Internet demand went bust, their fiber lines "dark." Those lines have long been absorbed by surviving ventures and "lit" and the demand is on for Internet expansion as never before. That benefits all equipment makers in the space. FNSR seems to be in the sweet spot.

    In May of this year price touched its 2013 low, just north of $12. By early September it had more than doubled, hitting 2 year highs.

    Since that time price has consolidated in a tight range of about 10%, a typical continuation pattern for strong stocks. The consolidation is now in its 6th week and seems mature. Notice the tight trading range of the last few days. Now look at the volume. It's evaporated.

    Entered a long today in anticipation of an imminent break out

    Sentiment: Strong Buy

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