Bought Juniper Network (JNPR)

Today, I was doing my end of year re-balancing on my portfolio.  I had a lot of profits, and my cash exceeded 30% of my portfolio, so it was time to add new positions. I decided to buy Juniper Network (JNPR) at $26.43.  The stock has already doubled since March, but it is a growth stock which analysts feel is still undervalued.  Juniper and Cisco dominate the market for network equipment, and the manager of the T. Rowe Price Global Technology Fund mentioned in Forbes that he thinks it is poised to get a lot more business from big companies. They are teaming up with Dell to sell secured network hardware and software under Dell's PowerConnect brand.  They are also partnering with IBM in cloud computing. The company has $5 a share in cash, and its earnings should grow 40% next year.  Companies like AT&T are interested in Juniper's new MX 3D Universal Edge Router, which can handle data traffic at 1.4 terabits per second. Even if I've slightly overpaid for the stock, my Stock Trading Riches trading system will self-correct my position over time.