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To: Olu Emuleomo who wrote (135264)11/29/2001 11:33:22 AM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
That's a pretty chart. A break above 12 1/2 or so and it looks clear for a run to the 200-day. Problem is the fundamentals just don't support that kind of valuation - or even the current one. It's trading at more than 10x sales based on last Q's run rate, the analysts are projecting further sales declines this Q and flat the next, and it looks to me like sales need to double from here before they can earn a cash profit. You've gotta have a lot of faith in TA, not to mention assuming fundamentals don't matter, to buy JDSU.

JMO, of course. Good luck.

Bob



To: Olu Emuleomo who wrote (135264)11/29/2001 2:47:58 PM
From: fedhead  Read Replies (2) | Respond to of 164684
 
Check out CTEC. Good looking breakout. Would you call JDSU
a William O' Neil stock ?

Thanks
Anindo



To: Olu Emuleomo who wrote (135264)11/29/2001 7:50:42 PM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
Olu- smart move your Jdsu pick. The main thing i like to look at is how strong the potential trend will be. i look at the Dmi indicator on there secular chart along with the volume and it looks like +di and -di will cross while the Adx is above 50, indicating a very strong trend is coming. And why not? Jdsu has cut capacity to the bone and ahead of schedule on there reorganization and all the while they Kept up on there R&D as they remain cash flow positive. Good choice... I'm Holding long, btw, i added today too. Good luck!