Lots of action today, so let’s jump right in and hit the names.
Juniper – The company’s report was all about how strong carrier demand is and how weak enterprise/government spending is. Which is just exactly our thesis. The stock is getting hurt because guidance was a bit soft, but I’m a buyer at these levels. It’s one of our smallest positions and I’ve been very patient about scaling into more, but now I am going to buy a full-size tranche, almost doubling my position here this morning while the stock is down.
Ciena – Is down in sympathy with Juniper and I’m also going to buy a half-tranche in Ciena this morning.
First Solar – Is up huge again today, now up more than 20% from our entry price. I’m letting this one ride.
Gold – Is up again today and at new highs since our purchase of more and our add of the GLD trade. I’m also staying the course on this one for now.
Back in a bit with more.