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Is It Finally Time for Infinera to Rally?
From the Buzz & Banter: Positive earnings from Ciena tomorrow could boost fellow telecom manufacturer Infinera.
Fil Zucchi    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Infinera (NASDAQ:INFN) reported earnings way above expectations (not to be confused with "estimates") back on January 29, guided to a very good 2014, but more importantly, stated repeatedly that its visibility in the near and longer term has never been better. The stock jumped 30% the following day only to dribble back lower ever since. To say it has been frustrating is the understatement of the year.

On Thursday morning Ciena (NASDAQ:CIEN) reports its quarter, and in the past, Infinera has reacted to Ciena's numbers, even though Infinera competes with Ciena in only one niche sector. Aside from wishful thinking, I am pointing this out because Infinera's chart is begging for a catalyst to break out from under a crowded area of moving averages and trend lines. Throw in a textbook "island reversal," and above $9, $10 should be a layup.


Click to enlarge

If there hadn't been a nagging amount of non-Rule 10b(5) insider sales, I don't think I could resist adding to my already very large long.

Twitter: @FZucchi
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Position in INFN.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Is It Finally Time for Infinera to Rally?
From the Buzz & Banter: Positive earnings from Ciena tomorrow could boost fellow telecom manufacturer Infinera.
Fil Zucchi    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Infinera (NASDAQ:INFN) reported earnings way above expectations (not to be confused with "estimates") back on January 29, guided to a very good 2014, but more importantly, stated repeatedly that its visibility in the near and longer term has never been better. The stock jumped 30% the following day only to dribble back lower ever since. To say it has been frustrating is the understatement of the year.

On Thursday morning Ciena (NASDAQ:CIEN) reports its quarter, and in the past, Infinera has reacted to Ciena's numbers, even though Infinera competes with Ciena in only one niche sector. Aside from wishful thinking, I am pointing this out because Infinera's chart is begging for a catalyst to break out from under a crowded area of moving averages and trend lines. Throw in a textbook "island reversal," and above $9, $10 should be a layup.


Click to enlarge

If there hadn't been a nagging amount of non-Rule 10b(5) insider sales, I don't think I could resist adding to my already very large long.

Twitter: @FZucchi
< Previous
  • 1
Next >
Position in INFN.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Is It Finally Time for Infinera to Rally?
From the Buzz & Banter: Positive earnings from Ciena tomorrow could boost fellow telecom manufacturer Infinera.
Fil Zucchi    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Infinera (NASDAQ:INFN) reported earnings way above expectations (not to be confused with "estimates") back on January 29, guided to a very good 2014, but more importantly, stated repeatedly that its visibility in the near and longer term has never been better. The stock jumped 30% the following day only to dribble back lower ever since. To say it has been frustrating is the understatement of the year.

On Thursday morning Ciena (NASDAQ:CIEN) reports its quarter, and in the past, Infinera has reacted to Ciena's numbers, even though Infinera competes with Ciena in only one niche sector. Aside from wishful thinking, I am pointing this out because Infinera's chart is begging for a catalyst to break out from under a crowded area of moving averages and trend lines. Throw in a textbook "island reversal," and above $9, $10 should be a layup.


Click to enlarge

If there hadn't been a nagging amount of non-Rule 10b(5) insider sales, I don't think I could resist adding to my already very large long.

Twitter: @FZucchi
< Previous
  • 1
Next >
Position in INFN.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
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