JDSU - Sector: Technology - Industry: Communications Equipment

[trader567]

Be very careful with James Cramer's recommendations.

I read his book and his wife is the true trading "Goddess" who is constantly correcting Jim's stock trading mistakes.

Cramer often doesn't follow his own "Trading Rules" mentioned in his book.  Why?

Jim Cramer was given some credibility since Mad Money devue in April,  but we had a BULL MARKET since April - July!  Since July-August, take a  look at his portfolio.

I like David's "Open to public" show of his trades, good AND bad.  I use his recommendations and ultimately make my own decisions when to buy and sell.  So far, I am up $15,000+ this year since I joined 3StocksOnFire.  And this is during the bearish trend since August!

David and Frederick are the "true" stock advisers, not Jim Cramer.  IMHO

Jim Cramer is a "guru."  For more information on gurus, read Dr. Alexander Elder's Trading for a Living  (Thanks for the book recommendation, Aussietrader)

[robt]

Nobody is "following" Jim Cramer. I mentioned him as a factor -- like the price of crude, or the presence of hurricanes. To deny that he moves markets is to trade with blinders on.

But the fact that everyone seems eager to focus on him, instead of on the stock, suggests that you guys are a little fixated.

[Av8trader]

It looks like JDSU is breaking out of a cup on the weekly chart.

[calven]

JDSU approaching the support line...

[calven]

JDSU earnings sent the stock down 7% after hours. The trendline support line comes in around 3.10-3.15. This seems like a decent entry and is definately within reach today.

[calven]

Will JDSU bounce off this trendline??? 

[vic666]

nice TA and charting, Mr. Calven (Klein??). As a follow thru' here's my take:

from the chart below, you see there is resistance above at $3.57 and $3.73...but that's not my concern for now...why?? because a move to that level from here measn atleast a 10% return...good enough for a solid profitable trade...

but here's more:

a.) there is a recent term (1 month approx.) negative divergence between MACD and price action...seems to indicate price wants to move higher...but wait, let's look at other indicators

b.) RSI still has some way to go before it bottoms out...of course, it can make a quick jump like it did recently after bottoming at $3.24...but the difference between then and now is...back then, the MACD was much lower and sorta bottomed out...but now, the MACD (even though as mentioned above, shows negative divergence overall)...the last 3-4 days, it has acted in accordance with price movement...so there is a greater likelihood that price might continue to fall .... 1'st level of support though is $3.24 which was the recent low back in mid-April

c.) the stochastics of course have reached the oversold position, but they can linger on in that region for some more trading sessions before I see some strong reversal move

d.) Actually, the $3.24 level also acts as support because that was the previous resistance level back in Feb 1st week when it formed new high at that level and then pulled back before inching ahead some more.

e.) All said and done, I'd see if $3.24 level acts as support or not...and I'm stricly referring to the close above $3.24, not the shadows...why?? because you can always have a very bullish hammer pattern with close on or above $3.24 suggesting short term reversal.

The other scenario..which seems likely IMO is a consolidation in the current region, until the 200 MA comes up and lends support....actually, the 200 MA of $2.75 is pretty much on par with the previous high before Feb. highs which was $2.80 back in Dec. 1st week...so the next BIG support level is the $2.80 level..which, most likely may not be tested,m unless there is some kinda "kangarro tail" formation with the long lower shadow touching the $2.80 level but closing well above that...

I hope you get the picture.

Bottom line:   -  I would not step in at this time....next few days will tell us if $3.24 will offer real support..if not, watch for further downside before some reveral to take place.

I'm tired...DAMN! 

[calven]

Would agree with your analysis - thanks alot!

Dont like the 20 day crossing below the 50...very bearish...

[calven]

JDSU zoomed in technical picture - updated (more accurate) LT support line matched with a falling wedge pattern.

Cramer likes it but I wouldnt buy until 3.20

Would appreciate some comments on these charts/// Thanks 

[usedcasting]

The bulls are having a go at it. Lets see.
In at 3.11
Stop at 2.96

uc.

[Holygrale]

Jumped in this morning...............This one has based niceley and just broke above it's 50mva, I like it!   

[Miguel007]

I start to see some positive news for JDS Uniphase after read the latest news from Verizon that it plans to spend $22.9 billion on a new fiber network. JDS Uniphase also reported today that was selected by Shangai China Telecom, the incumbent telecommunications carrier for China, to ensure the installation, maintenance and monitoring of its I.P.T.V. services.
So, many news that could improve the performance of this stock for the months ahead.
In the daily chart we can see that the stock closed today under the resistance 2.25 DMA 50, and the MACD fast line crossed above MACD slow line. JDSU probably a top pick for next months, it's only my opinion.

[usedcasting]

Is it possible that we have reached bottom, I hope so. Probably premature but I think the stage is set now.
(JMHO). 8 for 1 reverse split completed last week and earnings on Nov. 02.

uc.

[usedcasting]

JD has posted some good news in it's earning. Up 6% pre-mkt. Time to climb.

uc.

JDS Uniphase 1Q Loss Narrows
Thursday November 2, 5:08 pm ET
JDS Uniphase Reports Narrower 1Q Loss on Gains From Optical Communications Unit

MILPITAS, Calif. (AP) -- JDS Uniphase Corp., a maker of optical switching and transmission components, on Thursday said its fiscal first-quarter loss narrowed, aided by growth in its optical communications unit.

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Quarterly losses narrowed to $17.4 million, or 8 cents per share, compared with a year-ago loss of $67 million, or 34 cents per share.

Excluding restructuring costs, stock-based compensation expenses and other items, JDS Uniphase said it earned a profit of 3 cents per share in this year's quarter, compared with a loss of 8 cents per share in the year-ago period.

Wall Street, on average, had been expecting a profit of a penny per share.

In a statement, Chief Executive Kevin Kennedy said it was the company's first profit, excluding certain items, in more than five years.

Revenue during the quarter grew to $318.1 million from $258.3 million, just shy of analysts' $321.6 million consensus estimate.

During this year's quarter, JDS Uniphase said revenue at its optical communications unit grew 37 percent from the year-ago period to $138 million. That helped offset an 11 percent year-over-year decline in advanced optical technologies revenue, down to $39.3 million.

Looking ahead, JDS Uniphase said it expects fiscal second-quarter revenue of between $332 million and $352 million, bracketing analysts' expectations of $342.1 million.

Shares rose 24 cents to close at $14.28 on the Nasdaq, and then climbed 69 cents, or 4.8 percent, to $14.97 on the INET electronic exchange.

[David Randolph]

Up 8% on the pre-market, despite that slight revenue miss 

Those EPS numbers are on a pre-split or actual basis?

Thanks usedcasting, still have to fix my Metastock for that symbol change ... why did it change the symbol?

Good luck on this trade