JAZZ,
They're (whoever "they" are....) NOT going to let you figure it out. These guys are NOT going to let you buy cheap stock, and you're NOT going to know when to sell them your expensive stock.
When I don't know where the stock is going, but I believe in the LT fundamentals, I look at the chart to help for the ST.
So what does the chart say? In case you've been sleeping for the last 5 days (from 10/20/99)......it's BEEN STRAIGHT UP!
Might we not think that we're just a wee bit ahead of ourselves here? 5 straight up days, very much anticipating the spectacular earnings? How much more overbought are we going to have before we let it take a breath.
In other words, most of the great earnings and some of the positive guidance are obviously priced in. Is this stock going to 160? Sure, but I don't think we'd like it to get too far ahead of itself in the ST and then crash.
JDSU has had an interesting chart in that instead of the stock price going DOWN to meet the averages, the stock holds in a range and the averages come UP to meet the price. However, we're much higher than the 50 day MA than ever before.
Everyone rushing to get into this stock is going to make it ripe for a major correction. I wouuld not like to see that, so I am an advocate for measured, steady upward growth. I don't think people will be dissapointed with the earnings or guidance, but as you've mentioned, this has been ONE CRAZY EARNINGS SEASON.
Steve
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