Jim, <<interested in views on JDSU>> JDSU is still going through the roof. I bought mine last summer ('98 ) @ ~$16 USD. JDSU thread keeps a close eye on comments from Trader Dave, Bulldozer, Pat Mudge and a few others they will tell you the story fairly well. JDSU is still a King that may turn into a Gorilla. I sense a lot of accumulations in JDSU during the last few weeks and the institutions support very well and will not let it drop below $105. JDS has lots of cash and always makes lots and lots of money and Uniphase was a good combination with its acquisition experience. JDS has several sites in my city, Ottawa, and are still hiring lots and lots of people.
There will be another run soon. When I do not know, since I am a long term, buy and hold investor, not into TA and short-term gain. It only trades 5% volume on TSE and 95% on Nas. 130 to 135 are not unreasonable and certainly the test to punch through the 120-resistance level will come after the Oct. 28th earnings report. My company buys alot of equipment from JDS and will continue buying more and more. I do not know what their risky exposed heel is; only that they have just merged and only has a partial quarter report to judge the merger. I am waiting to see more of the Oct. 28 report to add, since I am conservative.
JDSU has been referred to the CSCO of fiberoptics, but even CSCO had two 40% dips over the last few years and recently last fall. I bought my JDS on an over 40% dip. JDSU has not had this correction, yet. Therefore we need to be cautious. Long term fantastic company great for my Canadian RRSP. Short term is what the market will dictate with some great volatility.
PS: To stop your curiosity: US states to still visit: Nebraska, Iowa (although I was just out at Yellowstone), Delaware, Rhode Island, Alabama, Arkansas
CDN: Newfoundland
PSS: I wanted my friend to catch the cup of coffee, but he spilt it as he bought in at 190 and sold at 188 on Friday |
