Shark, I think JDSU will warn, and possibly miss. Look at NT and what they said at earnings. Actually JDSU may be another catalyst to take this market down. Personally CORVIS looks like a better hedge on earnings, but the way the market reacts to FO on the negative side is always VIOLENT!
Becareful with any long in storage, or chips. I think these 2 sectors will get the bear started agin next week, and from what I heard several key technicians regarding the SOX we could retest the lows faster then many realize!
ONIS is an anomolie. Like CIEN was last quarter. OCPI is also in the metro market and I see no strength there at all!!
Good luck!! Personally the last 2 weeks were a total set up by some select few on the street. The poor soul who bought VTSS at 37, or AMCC at 30, or BRCM at 40, or PMCS at 45, these communication stocks have NOTHING AT ALL to hold them up but wishes from those fund managers that held at 200 and did not sell at the bottom. Read BRCM, VTSS, PMCS earnings releases in relation to the last year its INCREDIBLE that any of these stocks are above 10!!
I wish everyone the best, just remember take a chart from 94-2001 on any chip stock it will wake any long up!! |
