ADDED TO SILVER (SI) (SLV)
September 2, 2011
Added to silver futures at $42.94. Silver ETF symbol is SLV.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
Added to silver futures at $42.94. Silver ETF symbol is SLV.
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.
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
 Adding a 5% tranche to Pan American Silver Company (PAAS) at $32.60.
Added to silver futures short at $41.70. Equalent on silver ETF SLV is $40.60.
Taking profits on a 15% tranche on PowerShares QQQ (QQQ) at $55.55.