Pat,
To short a stock for a trade, all the opinion/research you need is that you think it's going down. It's momentum, it's sentiment, it's rumor it's the chart. It's just as simple as you think it's going up.
Josey, to his credit, covered his short when his research indicated the stock, today, was stronger than he suspected. He's a smart trader, IMHO.
However, your point is that to short it as a LT short, consistent short, you should have some detailed information and clear research to indicate it's permanently a dead meat situation (like a few dot coms that we all KNEW and considered LT unviable).
In JDSU's case, that's absolutely NOT true, and counter to the entire trend that I, a bullish LT long, think is happening. OPTICS, LT, is where to be. ST/intraday/or even quasi-MT, the issue is still up for grabs on how to trade it.
Notice I didn't say invest. For investing, again IMHO, JDSU should be a long purchase if smart, no investment if non-commital, and if you're just plain non-visionary (or dumb), a short.
Steve
PS: Josie knows that public sentiment on this thread ain't going to influence the stock 1 iota. However, I think it was Jake that was lamenting on being badgered by TA that he thinks, ST, the stock is not yet a buy. TA took that as a sign of the "time to go on the bullish offensive again", and proceeded to flood the thread with hearty data on why it's time to buy. |
