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Kirk Lindstrom
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Starting as a summer intern in 1978, Kirk worked for 20 as a scientist and engineer at Hewlett Packard's research and development department (R&D) designing solid state devices and components for optical communication. While he was at HP, Kirk invested ten to twenty percent per year of his... More
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  • Finisar (FNSR) Wins while Apple, Microsoft, Google, Motorola and Nokia Battle 0 comments
    Feb 16, 2011 10:30 AM | about stocks: GE, AAPL, MSFT, NOK, FNSR, GOOG

    It is hard to believe it has been nearly a year since I recommended Finisar here on SeekingAlpha at $12.89 and two years since I recommended FNSR and GE on InvestorHives.  Search my name and you will see I don't recommend many stocks in free articles. 

    This week, Finisar broke $45 before correcting where it is now available for $42.50.

    Back in 2009 I was happy FNSR gained 50% from my newsletter buy alert at 24¢ and wanted to tell others I thought it would go much higher, hence the article on a friend's website.
    I've taken profits in BOTH GE and FNSR.  I continue to trade their ups and downs for added return, but I continue to hold and like both in my personal and newsletter portfolios as long-term investments too.  By trading their ups and downs, if we have a major correction or bear market, I have cash out now to buy shares back at much lower prices.  If they keep going higher, that is fine with me too.  

    When I have some time, I will try to expand this instablog post into a full article about why I still like FNSR (Hint:  it doesn't matter if Apple, MSFT/Nokia, Motorola  or Google win the smartphone OS battle, they will ALL need bandwidth provided by Finisar products.)
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