I've watched it for years. It's why you don't hold it long...at least not for long...REGARDLESS what fundamentals or outlook look or sound like. In fact, this POS once traded for $.63/share when it had over $1/share in cash along (and no debt). It's not only dislike, it's hated. Go figure all you want, it's just the fact. Over 12 years later since the IPO and the stock is still 50% below the IPO price and over 50% diluted. It's been a terrible long-term investment betting on Chang et al. Not saying he doesn't run a good company either. What I'm saying is the stock is categorically a DOG with fleas. Even with great results in last 2-years and biggest Fed-fueled bubble ever witnessed yet this turd has a p/e almost in single digits. Yep, it's hated. Avoid it if the two separate one-day 20%+ drops didn't provide warning enough: shorts own AFLOP's price, period.
Yikes. Every one of these stocks appears to be in downtrend after massive pumps to dump. Results not so glossy now as comps caught up and valuations got ahead of themselves with all the pumps to dump. Sell/short/avoid is my rec. I'll let you know when it's time to buy anything. But now's the time to unleash the short dragons and be patient.
Markets up green moving higher and higher and fiber the dog sector lags lower and lower. It was a good run while it lasted, but like I warned over a year ago...here we are. Growth slowed and comps not so exciting...prices pumped and dumped. Insiders knew and that's why they sold millions in shares...not just AFLOP either. I was impressed with CLFD insiders buying but that tapered and has become more selling than buying...plus the stock just isn't worth the high multiple. In this case (and I have traded it at least three times within 2 years), I'd recommend AFLOP over CLFD only because AFLOP is outperforming it fundamentally. Only huge ding against AFLOP is insiders dumping heavily and diluting the snot out of baggies over the years...meanwhile the stock price is still some 50% below the IPO level. It's a dog and probably always will be.
No Zacks loves junk at the top--rating it a strong buy--and then they rate it a strong sell when it drops 50% on suckas' heads.
What's hilarious is Yahoo removed Zack's "#5 addition" bs yesterday. What a joke of a company. Basically it "buys" advertising under "Headlines" of any company it wants. It's not headline news whatsoever...it's misguided, dead wrong opinion. Even this bear laughs his *off at these jokers. Frankly, Zack's should be banned from "publishing" anything but flyers for discount pizza down the street.
The entire fiber sector is SELL/AVOID. Face it, Fraud St. pumped all this junk to ridiculous levels and now left it for DEAD MONEY. No one is touching this junk long. Good companies, ok, but the stocks are dogs and no one with a brain is going to buy them, period. I warned you all over a year ago this was coming and HERE WE ARE!
Pumpers not only ignore the facts they won't even respond when they're busted lying contrary thereto. Bwhahhahahahaa!!
Yeah, where are all the fiber-pumping fools now? What's that? Mouth full of crow and pockets empty with LOSSES?? Bwhahahahahahaha!!
Now all that's left is more dumping and lower lows. Meanwhile new highs in broader markets. Just like in 2000, when the whole market turned on its head, this sector and the bogus Fiber Rally to Nowhere 2.0 will lead everything lower and to NEW LOWS!! Bwhahhaahhahahaha!!
FNSR with a p/e of over 40?? WHAT a great short and only getting better. In fact, short all the fiber junk. I told you over a year ago this was coming and HERE WE ARE!!
While I hate to do it, this stock is just way too over-priced relative to peers. At this point if you own it and it pumps, dump it like at $15 to $19. Now is not the time to hold swinging for the fence.
I didn't think CLFD's results would worsen as fast as they did. $17 to $22 was a great run--it had the results--but that level is way off now. Overall, what I'm seeing is rotation out of fiber--not into fiber. It's best to wait now especially with broader markets teetering on complete collapse/disaster. Remember, the last 2000 Dotcom fiber boom and crash ended poorly and this might just repeat itself only from a lower level. Chart looks glaringly the same. Most importantly, remember it took over 10 years for CLFD to recover above $10! So after a decade from here, you might still be holding this with $3 more to go just to break-even? Not good.
You'll let all the pumpers out and way over-pay for a junk fiber stock. Wait for $12 or lower. Let the pumpers find other buyers for this junk instead of using shareholder money to bailout the pumpers hyping this stock to a level that was ridiculous to begin with!
US is a mess. The ponzi scam markets were pumped by the Fed and it's going to end worse than when it started. Bank on it.
He's a pumper probably lost so much money he's committed to FNSR until $0 like SUNW. So, yeah, climb in the elevator with him if you believe his endless pumping drivel, and you too will get the same SHAFT! Bwhahahhahahaa!!! FNSR heading to $12. Bank on it.
Buttbook worth $200 billion? Laughable. It's the Dotcom 3.0 rally til it collapses. Avoid the markets, folks. Finance news says shorts have been getting clobbered? Well, they must not be shorting the right stocks. I've made a killing this year and last and it's been vastly short. Anyway, do what insiders like AFOP are doing: SELL!
Funny all the pumpers are gone. Fiber stocks imploding. Bwhahhahahahahaa!! I told you comps wouldn't look so good in a year. And here we are!!
Short all the fibers including AFOP, CLFD and FNSR. FNSR heading to $12 and CLFD under $10. AFOP is not as good a short here as it was $20+ because it's the red-headed freckled step kid of fiber yet it has the best comps, good growth (still) and solid fundamentals. Others are unprofitable no-growth trash. AFOP on the other hand has gone nowhere in over a decade still over 50% below its IPO price and 50% diluted! Sans adjusting for inflation it's a HORRIBLE investment. Yeah, you suckers would have been better off buying NFLX or something they can really pump. These small caps are just plain worthless even with great fundamentals, growth, etc. Simply not enough money to be made--not enough shares available--for Fraud St. to make billions. Meanwhile the average ignorant investor gets hoodwinked buying AFLOP at $20+ even though the stock (inflation-adjusted) should be worth over $70. Even I'd rather own AFOP vs. Buttbook on a fundamental basis, but on a ponzi scam basis, well, it's hard to beat the terrible junk FB. Fraud St. is pumping that to over $200 billion because that's how it fleeces the sheep! Just wait until Fidelity has to unload its 133+ million shares of that junk!
Like I said...pump and dump and lower it goes. No one is buying this junk. It's all Fraud St's computer wizardry making it look like someone is trading this trash. Then, when some sucker long comes along...WHAM!...he loses his/her money in a day. Rinse and repeat. Welcome to Fraud St.!
AVOID this fiber junk and the rigged scam markets, folks. Don't throw away you hard-earned money--especially to people like me that tell you what's going to happen ahead of time.
Since its last filing and as of 6/30/14 filing, Renaissance sold 10% or 43,000 shares. I'm sure it's A LOT more since this 6/30 filing, too, as CLFD, AFOP, FNSR, OCLR, etc. have shown worsening results...or at a minimum slowing, unattractive growth (comps)...just like I warned over a year ago.
So the charts have been more pump and dump action to sell and rotate out of fiber. I'm sure this is why Renaissance dumped hundred of thousands of AFOP shares which means its CLFD position will go next. The p/e ratio difference is amazing between AFOP and CLFD. AFOP has much better fundamentals/growth yet it's the dog of fiber. Great recent performance but suckers that didn't listen to me at $20+ again got burned...yet again! AFLOP is a dog to avoid. In fact, short it anywhere and be patient. You always win shorting this fiber junk. Of course, buying CLFD at $17 to $22 was worth the run as was AFOP, but you better listen to when I say dump/short the stuff. While the pumps to dump are unpredictable, the dump is 100% predictable. Gotta love those 23% one day drops, too.
Anyway, this bogus Fiber Rally to Nowhere Dotcom 2.0 ponzi stock scam is fading faster than it started...just like in 2000.
AFOP has a p/e of 12 vs. CLFD's 26. Yet AFOP continues outperforming CLFD by a mile. Regardless, after witnessing AFOP insiders dumping millions of shares (note: current share price now is 50% below IPO and insiders have diluted bagholders over 50% since the IPO...no need to even talk about adjusting for inflation!), it appears the entire fiber industry is nothing but Dotcom Pump and Dump 2.0. Another bogus rally to nowhere as billionaires pump all this rubbish and then their buddies stuff mutual and pension funds with the junk they're selling at inflated prices.
One thing is certain: big money is rotating out of fiber...not into it.
It was just a matter of time....see you at $12. I think this junk is heading under $10 eventually. It'll follow JDSU down the drain.
Bwhahhahahahahaa!! Shorts own AFOP. Insiders dumped it because they're smart and listened to me while the pumpers and hucksters (and just plain ignorant fools) said buy their junk at $20+! Bwhahahahahahaa!! How's FNSR working for you now you multi-board pumping fools? ROFLMAO!!!
AFLOP circling the drain again...the dumping continues. Bwhahahahahahaa! Suckers losing more money holding this junk.