Tuesday, March 14, 2006
It's starting to feel like the 90's again. Fiber Optic stocks have been on a tear for the past year. JDSU and FNSR have both had breakout quarters, orders are up and so are their stocks. I started following FNSR a few weeks ago and it has really gone up. Today I put an order in to buy. I believe that this stock will continue to rise due to upgrade cycles in the storage and Ethernet LAN Markets. I do feel a little funny buying at it's 52 week high, but that company has some strong believers, including Jim Cramer. I won't wait long to take profit if it comes.