Hey Doug,
I had trouble finding a post of yours on a non-political thread! Don't get me wrong, I'm very glad somebody's solving the problems of the world.... jes' glad it ain't me <ggggg>.
But remember I started singing the praises of JDSU last July?
Message 16035871
That was motivated by what I at first took to be absurdly low valuations (but neglected to factor in the SDLI factor). But even with that factored in and presumably fully discounted by the market, I thought JDSU was way too cheap, and clustered talking-head downgrades pushed me over the brink and I have been accumulating ever since. I jumped in several weeks too early as it turned out, but just kept buying anyway. But now have a look, the chart is very interesting:
askresearch.com
Note the V-bottom, then successful overhead tests on definite volume ramp-up? Then, a gap-up on pretty decent volume with fat white candles first week of October? Pros stepping up to the plate ?? And twelve downgrades since April, by which time JDSU had already lost over 90% of its value from the high of last year? And now today, a downgrade from JP Morgan, whose last recommendation was a buy---two years ago in October 1999! And not a peep out of them since, while their recommendation took more hits than Kabul, and was all but left for dead. What uncanny, precision timing there, eh? JP Morgan must be populated with minds as sharp as dirt clods.... but they are dumb like a fox, I think.....
Smells like a classic retail designated bag-holder squeeze play to me, so the big boys can begin accumulating shares quietly, cheaply, with as little fanfare as possible. And I think that is exactly what we've seen now since the first week of September. It could still turn out to be a bull trap, but if it fails now and hits a new low, I'll throw everything I can at the thing at the first bullish candle on decent volume, and just keep buying.
JMVHO, as always....
T |
