Buying plan:
First, wait till JDSU hasn't set a new low in the last 30 days.
Then, begin buying the stock when it hits 5. Dollar-cost average in, with every further 1-point decline, not being fully invested until the stock hits 1. That is, put 20% of my money in with each purchase.
Once I've made 3 or more purchases, sell the highest-cost lots in increments, on rallies. I haven't set specific sell points, but I'm thinking probably in 1-point increments, beginning at 6.
So, for instance, if I buy at 5, 4, 3, and 2, and then the stock rallies, sell the shares I bought at 5 and 4, when the stock hits 6 and 7. I'll hold onto the two lowest-cost lots; they become the LT position. |
