Come on now, JDSU can not and will not keep up the pace it has. It needs to consolidate the monster move we just had.. Look what had happen to QCOM, same could very well be happening to JDSU, I little sideways base is in order..
I don't know how JDSU will compare to SDLI but I see the opposite of what you do. I'm not expecting any 20 points days, but I think the next 3-4 weeks will be up because (again) [1] the Nasdaq just got pounded, [2] JDSU is 20% off its high, [3] we're heading into what is expected to be very strong tech earnings, [4] JDSU will probably have strong earnings and a very rosy outlook. After that, when you're saying it should head up, I think we'll head down. After April earnings is typically a down period for tech, there will probably be renewed concerns about valuations, and I think there will be more than the usual jitters because of the May fed meeting. QCOM was a different story. It stalled because of the sideways comments in the conference call. I'm not betting the farm that I'm right, just my 5 year old 4x4 pickup. |
