JDSU - Sector: Technology - Industry: Communications Equipment

[Amarens]

I'll sell the stock at tomorrow's open, hopefully taking out a small gain and try to buy it back everyday at the ascending trendline (tomorrow at $1.99, rising approximately $0.02 per trading day).

Hi David,

Saw the stock is still on the portfolio  is that right. If so what made you change your plan?

Amarens

[robt]

The idea is not to trade out altogether, but to exchange currently-held shares for cheaper ones, assuming it descends to support levels.

[David Randolph]

Hi David,

Saw the stock is still on the portfolio  Huh is that right. If so what made you change your plan?

Amarens

I didn't change my plan (I never do that unless I previously say so), I've sold JDSU at $2.22 according to plan:

So, what to do?

I'll sell the stock at tomorrow's open, hopefully taking out a small gain and try to buy it back everyday at the ascending trendline (tomorrow at $1.99, rising approximately $0.02 per trading day).

But, since I've received some personal messages from subscribers complaining about the information on the «3 Stocks on Fire» link I've decided to wait at least 24 hours before I change things on the Portfolio.

Since I send the e-mail with specific instructions I don't think that's a problem, what do you think? Any suggestions?

Concerning JDSU, I'll be looking to buy it back at $2.01 today, that's where support provided by the ascending trendline is.

[Amarens]

But, since I've received some personal messages from subscribers complaining about the information on the «3 Stocks on Fire» link I've decided to wait at least 24 hours before I change things on the Portfolio.

Since I send the e-mail with specific instructions I don't think that's a problem, what do you think? Any suggestions?

Didn't think you changed your plan. Just used to the fact that if it is sold it's on the sell list the next day. I love the specific email instructions, saves a lot of time  .

I did not sell. My present broker doesn't allow stop loss and I had no time to watch on Friday  . I'm changing brokers. I'm also not uncomfortable yet still holding.

Good trading!
Amarens

[David Randolph]

Like I said:

Concerning JDSU, I'll be looking to buy it back at $2.01 today, that's where support provided by the ascending trendline is.

When I sold JDSU, I'm buying it back at today's open, since it hit support. Also, I think the general market will rebound after a sell off in the first hour of trading (read my SPY analysis) and JDSU is a good play for a general market bullish move at this point.

I will buy JDSU at today's open for the 3 Stocks on Fire Portfolio, after I sold it at $2.22 last Friday.

[shawFund]

Tech is in bear market, JDSU is one of the biggest tech companies.

So, JDSU will not immune the down trend.
No reason to buy it right now. Wait until the trend turns bullish.

My opinion.

After 7 sessions of big down, both NASDAQ index and SOX index are in oversold.

I think that the down trend will stop for the next few days, oversold stocks will have small bounce back. 5% bounce back is quite big for me.

So, I will do day trading for the next few days (long not short).

[David Randolph]

This wasn't a wise call. I bought JDSU on support but the stock broke that support without a doubt. What to do now? Hold the stock and persist on the mistake, hoping things will get better? Or be objective, know the market has risk and stocks can go down a lot more, and correct the mistake by selling at a small loss?

As always, I'll take number two option.

Of course, JDSU may rebound over the coming days ... but the reason why I bought it is no longer valid, that ascending trendline didn't work, so I have no valid technical or fundamental motive to keep on holding. The only motive I could have is «but I'm losing, why not wait to have a profit or at least a draw to get out?» The answer is: «The market doesn't know me or my buying price. That is completely irrelevant for the market, so it is irrelevant for me too, because I want to be in sintony and harmony with the market.»

I'll sell JDSU at today's open.

[robt]

On his radio show yesterday, Jim Cramer devoted some time to JDSU, declaring that the company has been "fixed" and declaring it a buy. So you may see it up at the open.

[1reilly]

robt
I thought I'd just update you an Cramers picks. In May of 2004 he was long in his portfolio the following: JDSU at 3.36, NT at 4.00, and CHTR at 3.80. All of these companies were fixed then. Think a year and a half shows he might have been a little premature. Don't waste your time on the man. His show is the true measure of unprofessionalism.

[shawFund]

Jim Cramer is in show business not in investment business.

[robt]

I did not make a qualitative judgement on Cramer. As a member of the media, he does have an influence on the market -- often to the counter of his intentions. He is going to be mentioned in terms of his influence from time to time. Doing so doesn't make me one of his acolytes.

Cramer-inspired runs are often good for a quick long or short trade, so I sometimes listen to see if he mentions a stock I know well enough to have confidence I'll be on the correct side of a play.

Just because Cramer has some connection to it is no reason to say no to 'found money.'

[LiveLife]

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

[robt]

Not for the sake of argument. and not because of Jim Cramer, I decided to hold JDSU a bit longer, and of course it did break out.

Today was a major pullback, but I am still showiing a +16% profit.

This may just be profit-taking, or it may be a trend reversal. I'll be watching the tape closely tomorrow and decide whether to protect my profits by selling.

[robt]

25% gainer now. Earnings surprise:

JDSU rode stronger-than-expected sales in its newly acquired business to a solid fiscal first quarter Wednesday.

The San Jose, Calif., optical networking parts maker posted a loss of $67 million, or 4 cents a share, compared with a net loss of $145.7 million, or a dime a share, in the year-ago quarter. On an adjusted basis, excluding one-time events, JDSU's net loss was $16.2 million, or a penny per share.

Sales totaled $258.3 million in the fiscal first quarter ended Sept. 30. Analysts were looking for a penny loss on $250 in sales.

Looking ahead to the end of the current quarter, the company expects sales of about $310 million. Analysts had projected $296.8 million.

"Reflecting JDSU's more diversified business model, we achieved significant gross margin improvement driven by the strong performance of our recently acquired Communications Test and Measurement business," said CEO Kevin Kennedy, in a press release Wednesday.

[robt]

Full cc not that great. earnings webcast:

www.jdsu.com/investors

Subsequent news coverage stresses widening loss, though they seem to be in a better cash position, and poised for further improvements in coming quarters.

Might be a sell-off tomorrow.