i was shorting the market until last week when i reversed positions. I would be buying the beaten down sectors such as fiber optics, netowrking. JDSU, CIEN, GLW, JNPR to name a few.
I am waiting for ASKJ to come back up a buck..I bought PVN,SBAC,MM,EMC and i was going to buy SBL and should have...What do you think about NXTL ?
Who knows with this market. I would personally stay away from NXTL if you're looking to get in because it's already rallied 100% from it's recent lows. But you never know, if we have another rally like October it could go back over 10 shortly. The problem with NXTL is that it's drowning in debt. There are better more stable undervalued companies to be buying right now, such as BRCD, PMCS, JNPR, NTAP, EMC, and so on.
Yes it is one wild ride..I wish i got more of BEL i bought it at $10.10 and it has been doing great! I hope this stock will split
