FNSR - Sector: Technology - Industry: Communications Equipment

[fous]

Im buying FNSR at tomorrow mornings open, Lets see that descending trendline break in half and make some money!

Good luck-

Fousc

[fous]

In @$1.23

-fousc

[fous]

Todays slight pull back on FNSR is perfectly healthy. Price action is forming a nice continuation flag. For anyone interested in this stock and is looking to play it safe. Placeing a buy order on the break out of the flag is your best bet. I believe it will break out of the flag by friday. So lets hope that it does . A break of the flag tomorrow would mean a close above $1.25, not too far away from todays close of 1.22 or 1.23 i believe And if it breaks through the long term descending trendline, which is not much higher then the break of the flag,then were looking fantastic! I won't be surprised if it breaks the flag and the trendline on the same day. And i want to be holdind this stock when(if) it does.

Best of luck,
-fousc

[dhiraj19]

Is it too early to say anything?
Dhiraj

Ramsburg:
There are 2 threads on the stock picking for FNSR. I would request you to combine both of them.

Thanks,
Dhiraj

[fous]

We had a great day with FNSR. With an upside breakout of the flag and the long term descending trendline. Tomorrow mornings open is a great buy opportunity IMO. I would like to see this stock take off over the next couple months. Im in @ 1.23. Best of luck for anyone who has a posistion in this stock or plans to hop in tomorrow.

Regards-
Fousc

Todays Charts:

[fous]

I almost forgot

I'll call this stock a 3 step.

step 1: break first decending trendline(complete)

step 2: break 2nd decending trendline started in late 03' along with the divergence. At this point is where i would think that the Divergence would be ran over by a heard of angry bulls.(pending)

step 3: Grab a beer(maybe even a Bravo Slammer ), relax, watch your equity grow!(pending)

Step 2: (complete)

Step 3: gulp gulp gulp (complete) well least the beer drinking part is

[Nightbreed]

Very good call, dude.

I heard rumours that this stock will go to 1,70-2,40 in the short term and that in the long(2 -5 years) it will reach 5 for sure.

Thought of an exit point already?

gr N

ps in at 1,20


http://www.monstersgame.net/?ac=vid&vid=2023142

[dhiraj19]

Have a stop limit after desired percent gain...

I am in from 1.13...if 2.4 is the short term call that suits me real good. 

[Nightbreed]

  yeah 2,40 would be nice. :


percentage of gain.......depends on the stock but i have a 100% target but will sell half at 1,80.
Or in a couple of months if there is no gain or when it slips back to 1,10-1,13.

youve got to have some rules for yourself.

gr N

[422fwhp]

Great potentials but a heavy float.  I got in Monday but wonder if it will last.  Thoughts?

[dhiraj19]

Cant say if it'll last... I think both sides have lost direction to move the stock.. 

[fous]

I don't think FNSR is out of steam quite yet. Its not suprising to see some profit taking After the break of a long term descending trendline as well as the break of the 200 day EMA yesterday. This company is increasing its sales and continuing to grow. Revenues are doing nothing but increasing. Quarterly revs have been increasing since 01' and this latest quarter is the companies highest revs since 01'. As well As i stated previously their in the middle of seeking  significant awards from Agilent Tech for patent infringement and according to Finisar they lost at least 1.1 billion in potential sales due to Agilients infringement on FNSR's patent. Though i'm not saying that they're are going to receieve anything from Agilent. But if they have a legitimate case they can win big. 31% of the 1.1 billion is equal to FNSR's market cap. News of an award like this would make this stock skyrocket.

I believe that it will consolidate for a couple days and continue to keep on keepin on. Though theres always the chance of a false breakout. Lets watchout for it. A close below 1.16 would fill the previous gap could be the sign of a continued down trend. If price action closes below 1.16 i'll cut my losses and get out while i can. I would like to see this stock jump back up to the prior peak of 2.40. The financials are better now then they were then and we've had a bullish breakout on heavy volume. Hopefully it will maintain its momentum for the weeks to come.

And actually i have just redrawn my trendline to make it less sloppy. The price action has not actually closed the descending trend yet. It closed just below it yesterday and opened above it today only to retrace and close below it. Though it did close above the 200 EMA, which is a good thing . i dont know whether to call this good or bad. I guess maybe good cause we actually havn't seen the breakout of the trendline yet and hopefully it will do it on heavy Vol. Or it could be bad because it opened today above the line and closed below it. Maybe a reversal.

Anyways, I still have faith in FNSR and will continue to hold

Best of luck- Fousc

[fous]

Price action has formed a new ascending trend. My new plan is to hold this stock as long as it closes above that line. Today that line stands at $1.28.

Good luck dhiraj19, 422fwhp, Nightbreed, and anyone else who has a position in FNSR

-fousc


Updated Chart:

[fous]

Heavy Volume, nice price surge. Looking good if you ask me.

-fousc

[dhiraj19]

Good luck to 422fwhp, Nightbreed and fousc for this share. I dont know if Setravis has position in this.
Short term I think it should go to $2.00.
If JDSU rose then sector is rebounding and both these shares are bound to benefit.
Dhiraj