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It's interesting to me that when a chart (such as JDSU or QCOM) technically shows that it's about ready to run (it's been basing/consolidating for a while, gives some buy signals, or in the case of JDSU, it's the pre-split run) the analysts and others come out with good news: upgrades, etc. Kyocera upgrade in particular was a clear message yesterday--as if to say, belatedly, this is a good deal and good company. JDSU had a bunch of enthused reportage etc just a few days ago, but the timing seems calculated to me, since we were all waiting till about now for the beginning of a pre-split run. It seems an unspoken agreement now that the market these days is about volatility and making $ off the volatility--use the charts as a guide, and release news when you're ready to run. Of course usually the news is "created". It's getting fairly predictible. And I do believe the companies, if they have big news, signal it to the analysts. They're all working together, which is a necessity for them to survive in this market that has been so kind to the individual investor. Especially if you learn even a moderate amount about options. However China news was not factored into their calculations--that's unexpected, so too bad for us and them. |
