"Any thoughts on JNPR? They seem to be going up a lot before earnings on Thursday. Long-term, it's hard to see what the appeal is. Do you see it?"
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Public Heel...
Sure - it is obvious why JNPR is going up so strongly. It is a tech stock in an insane bubble market, just like in 1999 - there is no other reason.
JNPR is very high on my short list for whenever the Gambit runs out of gas but that time has not come just yet. Even so, it is not a target stock so I would guess that unless they are able to adjust the earnings enough through "pro-forma" magic to beat estimates handily or guide strongly higher for next quarter they will see selling on the news as folks decide to lock in profits on a piece of garbage. I will be looking at the July 15 puts tomorrow or Thursday and will probably take a shot on it - roll dem dice.
mlsoft
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