If, as you say "something is seriously wrong with this stock", I am now asking myself why you are long, and not short.
Just remember, for every share you sell at $53, somebody else is buying thinking it is a good price...for every buyer, there is indeed a seller, such is the market.
My personal opinion is the naz is correcting after a fine january...the after fed selloff was pretty much expected.....and most of all, the uncertainty about the closing of the sdli deal. If the deal closes, JDSU will be one big giant hairy gorilla. If not, they are still positioned as a leader in the field. Bottom line is this, if you think something is seriously wrong, then I suggest you sell, or go short. I have no idea what the short term holds...my intention with jdsu is to hold for the long haul, so I am looking past this year and even past next year. When I do that...when I look forward 2 or more years, it makes we want to run out and buy jdsu right now at $53...tuck it away and forget about it.
So, everybody see's things in a different light...it all depends on your perspective.
Good Luck...... |
