2ez, Cramer put it this way: AVNX is your one stop shopping fiber optic source. They can put together the entire infrastructure required for a complete fiber optic network. Yeah, I didn't know what that meant either. Between the BooYahs and the sound of a truck backing up, I was able to glean from it that a certain component compatibility exists. The stock tanked not long after his lengthy monologue. I haven't listened to Cramer in a long while. People who track his picks will report that he's no better than anybody else. The AVNX spiel was probably last thing from him that I paid attention to. Good luck. You have a good shot at 3.00+ I think. I have no good reason for this except to report that it did in fact test the high 2.90's.
Thanks for the reply my friend.... seems the company had issues, but has gone thru a reorg to correct this... Never seen anything negative about the technology....just the issues with the company.
let's see how the market digest this tomorrow. Hopefully, i can make a few pennies here. Avanex quarterly loss narrows By MarketWatch Last Update: 4:41 PM ET Feb 6, 2007 NEW YORK (MarketWatch) -- Avanex Corp. said late Tuesday its fiscal second-quarter loss narrowed to $8.55 million, or 4 cents a share, from a year-earlier loss of $18.5 million, or 13 cents a share. Excluding items, the loss was 2 cents a share. Analysts surveyed by Thomson Financial expected, on average, a quarterly loss of 2 cents a share. The Fremont, Calif., photonic systems provider's revenue for the second quarter ended Dec. 31 increased to $55.6 million from $50.9 million a year ago. Wall Street expected quarterly revenue of $55 million. Avanex (AVNXAVNX News , chart, profile, more Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: ) expects third-quarter revenue of $54 million to $57 million. Wall Street expects third-quarter revenue of $56 million.
Little disappointed in the today's trading activity. Good chance I am getting out before the close.... I am up....just expected more.
I sold 10 last night at 2.15 and my last 5 this morning at 2.15. Was long from 2.20 last week, so I took a small loss.
I`m staying long and strong. I`m not the love em and leave em type of trader these days. Personally I think the weekly chart is forming up for a bigger move. Nice 5 week pennant forming.
in at 2.08.... out at 2.16 still keeping an eye on it. I actually thought high 2.20's or low 2.30's.....but hey...as long as I am not down.