<<EXTR killing me too, Venk. I'm upside down and waiting to be turned rightside up!
JDSU is killing me too!
>>
You know what the scary thing is.....there is no telling how far down the houses take these...I think JDSU has more staying power then extr but what do I know....I do know that extr has a huge gap down that could still be filled. Jdsu is much closer to filling it's gap and I would think it is on more peoples "wish list". I thought about getting back in extr for some revenge if it hit $60, but I see alot of TA and charts that show a 3 week move into the high $40's. Additionally, I look at extr at $30, and their PE is still astronomical. With this in mind, I felt even if extr does hit $60, I will pass. The last thing I need to do is buy it at $60 and have it fill that large gap downward. I think my best bet is to sit on what I have, and if I add anything, make sure it's a pretty decent value play. I mean heck.....take a look at atml, tlcm, ssti, ....nice low pe's, kick ass business with high demand and excellent numbers, yet should have relative low risk to the downside and very decent upside potential. So I hold my bloated pigs like sunw, rmbs, qcom and jdsu and look to buy some better values....hell, I think INTC looks damn good at this valuation, but I will still wait to buy until this market turns.
Good luck
Keith |
