Finisar Zealots Leave the Island

It looks like the cleansing of the optical component sector is nearing completion. This is something I have been waiting for in expectation of a more rational investing environment in which I can apply my principles and philosophies. As readers know, I own no optical component stocks (yet). I strongly suggest you read my post in the previous link. Here’s an excerpt:

I haven’t done any financial, technical, or strategic work on Finisar Corp. (FNSR) but the emotions surrounding this stock reminds me of BKHM. This is the current favorite stock of the few remaining optical zealots who have yet to be beheaded.

Finisar Corp (FNSR), which is a good company, reported earnings last night. If you looked at the release without ever knowing the stock performance for the last year, your conclusion would be overwhelmingly positive. Yet the speculators who have piled into the stock didn’t like the gross margin outlook, lack of a penny here or there, and the blood runs in the streets from the guillotine working overtime.

This is sickening and an awful indication of the investment environment surrounding this