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Re: Reminder: INFN earnings
after close
If decent to good earnings are in the cards, I think INFN has
room to $18 over the next 3 to 6 months, "if" the market does not
fall apart. Long term,, still a bright future. Which,
speaking of the market, I have noticed that there is rotation out
of high multiple stocks to lagging sectors, specially Energy and
Financials. Unfortunately Tech is among the sectors where
there is rotation out.
I am hopeful that both INFN and NOK have already discounted the
fears over the past 3 to 5 months and those fears turn out to be
mostly unfounded, hence it is more than priced in and we see a
relief rally as a result.
On the other hand, one thing that has been bugging me is that
INFN has been putting out more PRs than usual, hope it is not
trying to prop the shares and they fail to deliver
tonight.
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