Sept, and bot back already. Re JDSU, naz, rmbs etc from jagnotes: says wait till Oct to buy per history of sept selloff. Sigh. Analyst shmanalyst:
JDSU holds an analysts meeting on Tuesday, and it really needs to calm the jitters after Monday's trading. JDSU came in for pressure when Cisco presented Monterery, at NFOEC, months ahead of schedule. JDSU could flutter up, but needs the kind of help NASDAQ doesn't seem likely to provide. Unless NASDAQ pulls a rerun of last week, when mid-week gains reversed an earlier drubbing before Friday brought the party to a halt. And with this Friday's Options Expiry--a triple witch, it isn't impossible to imagine some sort of rally at least once this week. JDSU might fare okay because it will be at the DLJ mentioned above, giving it plenty of face time. Rambus' analysts' meeting, on Wednesday needs not only NASDIE's help, but some really good news. But RMBS ought to come equipped with seat belts and Dramamine. It's on again, off again support from Intel, combined with it's lawsuits against other chip makers, many of which are now suing, in return, makes it one of the wildest broncos on NASDAQ.
And:
Save your cash for October, History has proven that tech bought on or around October 21 can be held until January. Why rush? If you've read my earlier comments about the Euro and earnings warnings, you know only actual earnings, late in October, will pull NASDAQ out of it's slump. |
