Ciena (CIEN) also trades in sympathy with Finisar (FNSR). Finisar reports earnings after the close. Look for projections from Finisar. If the earnings are good and the projections are above projections, expect Ciena short squeeze to continue.… Please click here or the title below to read more.
Ciena (CIEN) is rising on short covering. CIena is now trading up to $14.60
Ciena beat earnings by $0.17, but guided Q4 revs below consensus .
Ciena explained,
“Our third quarter results, which included a favorable product mix and reduced operating expense to achieve an as-adjusted operating profit, demonstrate our early progress in delivering additional operating leverage from the business.”
JDS Uniphase (JDSU) is a sympathy play.
Those holding Ciena may consider selling into the strength.
ZYX BUY CHANGE ALERT closely follows optical component stocks such as Ciena and JDS Uniphase, and will issue an actionable signals if and when all six screens of the ZYX CHANGE METHOD are met.… Please click here or the title below to read more.
Adding a 5% tranche to Pan American Silver Company (PAAS) at $32.60.… Please click here or the title below to read more.
Added to silver futures short at $41.70. Equalent on silver ETF SLV is $40.60.… Please click here or the title below to read more.
Taking profits on a 15% tranche on PowerShares QQQ (QQQ) at $55.55.… Please click here or the title below to read more.
We have taken partial profits on a 10% tranche of PowerShares QQQ (QQQ) at $55.59.… Please click here or the title below to read more.
We added a 10% tranche to PowerShares QQQ (QQQ) at $55.26.… Please click here or the title below to read more.
ISM index will be released at 10:00 am EST. Some market participants seem to know it at 9:55. If the index is less than 49.5, we will exit our entire PowerShares QQQ (QQQ) position.
If the index is over 55 we will add a 20% tranche.