JNIC lock-up expired today, and the world hasn't ended yet - who woulda thunk it?
In fact, JNIC was up ~60% last week, showing alot of strength after the crash as a profitable infrastructure play. Not as much gloom and doom as is often the case before lock-up expirations.
Blowout earnings tomorrow should help, I'm optimistically looking for something like $0.09 per share (an 80% surprise), which would be awesome IMO.
Very little selling after lock-up won't hurt either. I wouldn't expect anyone other than maybe ADPT to sell this week. Would be nice to see selling into strength as institutions get on board after earnings.
It appears most SI followers are longs (like myself) that don't post too often. I'm just getting a little excited at JNIC's prospects of ending the lockup and hopefully having some good earnings.
Anyone else out there looking forward to Monday's conference call? |
