Well, I just covered the last half of my JDSU with AUG $150's...got 10 5/8.
This Corning/Nortel deal could be a thorn in the side. Just saw some talking head say that Nortel represents a large % of JDSU revenue, that they will of course lose if the deal goes thru. Anyway, just trying to play it safe. The part I just covered, I bought the otherday at $122. If they take it at $150, then I made $28 plus my $10 5/8 premium, or $38.50, a little over 35% for 3 weeks or so. If it stays under $150 and doesnt get called, then I at least shaved $10 5/8 from my cost basis, and still hold a stock I want for the long haul.
Anyway, It's gonna be interesting to see how this all falls in place...earnings, jdsu/sdli, inclsuion into S & P, and now the Corning Nortel Deal.
keith@ilovejdsubutanythingcanhappenasweallknowbynow.com |
