JDSU buy/sell plan:
Bought some today at $1.90. Will buy more, every 0.10 or 0.20 further down. Still holding some I bought at 5 earlier this year.
A double off the recent low would get us to 3, and that's not unreasonable, for this volatile once-loved now-hated diluted stock of a company in industry with no solvent customers. So, I'll sell half my position at 3, and then re-evaluate.
IMO, JDSU is going to be a great trading stock, for many months, perhaps years. Cash is 1.10$/share, debt is zero, and that should put a floor under the stock. The total disappearance of customer orders will put a ceiling on any rallies in the stock. So, at these levels, a trader can't get burned too badly, whether playing it short or long. |
