I think this is the highest short interest ever for Juniper. We are over 68 Million Shares Interest as of April 15, 2004. At the same time Juniper's PE ratio is sitting at slightly over 40. Juniper's prospects are still looking great. A combined Juniper and Netscreen is stronger than ever. The 3rd quarter is shaping up pretty good too IMO. I can't remember this high flyer's PE being this low.
Many stop losses have been taken out forcing this high beta company's stock lower. Once enough retail investors are out expect a major rally as the institutions start buying heavily and the shorts cover.
I like JNPR lon-term. But why do you feel a company who still has a PE of 40 is a bargain? You can't just go by past history. Many Tech stocks have PEs closer to 20 now.
And are they really growing at such a high % to justify a 40PE?
Explain. Without stating prior history.
If you do some research you'll find 0 posts at $160 from me and several posts when Juniper hit the $4's and upwards.
I've been riding it up for a while. The trick is to only buy it when it's on sale (like now).
I'm LMAO too all the way to the bank.
Let us all know what price you plan to cover so I can pick on you later. Since you're so confident you might as well say $18 (which is only a 20% downfall) or less, otherwise, my original post would be correct that we have limited downside from here.
P.S. You remind me of c_309? He's the short that said he was never wrong and proclaimed Juniper would hit $2.