With all due respect, you do realize that stock such as JDSU do not go straight up? you do realize that they correct, often? you do realize that JDSU could stay in this trading range for some time?
Absolutely! That is why I have been saying that the weeks before a stock split will be the key for the next phase of JDSU's upward move. I had been hoping for it to stay around the 200 range until it gets set for the upward move. You will also notice that I have not been saying the stock will go up imediately for quite some time. 2 weeks before the stock split should be the best move up. It could start moving ahead of the shareholder approval of the increase in shares next Friday. I am basing this on the pattern it showed in December.
you do realize at the end of the year it could even be lower than it is today?
Sure it could but I expect it after a split or two.<g>
I ask you these questions because your posts seem to reflect an attitiude that gravity will move this stock higher, that JDSU MSUT go higher. It was a few short weeks ago when JDSU was at its high of 248, when you predicted we'll hit 275 by earnings. Ever since then you've been beating the drum, almost daily, that "JDSU is in a good position for a move." If I offended, I am sorry, but its getting tiresome. (BTW, JDSU is my 2nd largest holding)
Nichols, I did hit my year end target before the stock split in December of 300. I picked that price when the stock was around 220 less than a month before the split date. So I missed the earning price target. I try to be right more times and that is my secret to making money. 70% or higher accuracy is all I aim for (although i think i am doing better than that<g>).
Much of the gains in December ahead of the split killed a rally going into earnings in January.
I am very confident of a big gain ahead of the split. My reasoning is partly due to how the sector itself has been doing lately. Until now, there had been no reason to rush and buy JDSU. The volume has stayed low. It is just a reality that these types of stocks trade with momentum and stocks splits do create that momentum. They do not go up steadily like a GE for example.
It shares the top spot in my portofolio along with GLW. I am not ready to dump it. Instead, I try to pick up more on any buying opportunity. You should know that the Furukawa selling has been a huge barrier to overcome. I am just stating that it is temporary. That is my opinion and that is why I have been saying.
My conclusion: The stock rallies big time in the 2 weeks ahead of the stock split in a big way and also rallies somewhat next week. Investors realizing this pattern may want to start buying late this week. I am just stating what I think the stock will do. I welcome any views that disagree with me. If i am wrong, you can be the first to tell me when the stock splits. I cannot image a price below 260 but I won't predict an upper target yet.
Good Luck with your JDSU. I feel you will do well with it. I don't mind hearing your opinions on the way the stock is moving or will be moving. Much of our predictions are based upon what we seeing in the markets etc...
BTW--I am still sticking to my belief that the S and P 500 addition when it happens will either jump start the stock (if it happens in the next week or so) or if it happens later, will help push this stock higher. |
