While everyone is focused on Cisco Systems (NASDAQ:CSCO) when it comes to "networking"... (Click charts to enlarge)
... there is fantastic action happening in the small to mid size networking space. A few of these we own; a few I wish I had pulled the trigger on earlier. Most are extremely extended on the chart, but I could have said that a week ago (indeed, I did) and they keep running. Obviously HAL9000 likes this space lately.
Juniper Networks (NYSE:JNPR)
F5 Networks (NASDAQ:FFIV)
Riverdbed Technology (NASDAQ:RVBD)
TriQuint Semiconductor (TQNT) [OK, technically not a "networking" play]
And for those of you who were around about a decade ago... our old friend JDS Uniphase (JDSU), a.k.a. the stock every cab driver and barber in America once owned, is looking all 1999 again. Wow.
I am not sure how much longer these can run, since they are not even within a whiff of their 20-day moving averages anymore... but it is impressive action.
Disclosure: Long F5 Networks, TriQuint Semiconductor in fund, no personal position