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Registered User Joined: 3/7/2005 Posts: 148
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Now that jdsu is down from 4.50 to 3.39 do you feel it is a good buy?
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Registered User Joined: 12/19/2004 Posts: 415
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I think it may trade down to the $3 level, before turning up.
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Registered User Joined: 1/28/2005 Posts: 6,049
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I thought they were supposed to do a reverse split?
Is that still on?
Thanks
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Registered User Joined: 12/19/2004 Posts: 415
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I hadn't heard that, where did you get the information?
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Registered User Joined: 1/28/2005 Posts: 6,049
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I don't remember. It was sometime between SEPT 05 and the end of the year.
That was what ( I thought) got the stock moving.
They had improving results and it was viewed the reverse split would make it
more attractive to investors.
(since average investors don't trust penny stocks for long-term investment)
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Registered User Joined: 11/8/2004 Posts: 8
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The reverse split was approved but no implementation date, see link below
(URL removed by Moderator)
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Registered User Joined: 1/28/2005 Posts: 6,049
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Thanks thowell
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Registered User Joined: 2/7/2006 Posts: 218
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ive always thought reverse splits usually spell death...but i guess with a good company shrinking the amount of shares might be ok but as a shareholder i would hate it...
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Registered User Joined: 1/28/2005 Posts: 6,049
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Quote:"ive always thought reverse splits usually spell death..."
Going from over $145 a share to $1.5 is pretty close to death.
The reverse split is happening when it should. After lousy stock performance.
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Registered User Joined: 12/19/2004 Posts: 415
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lol I bought a 100 shares of TRPH about 3 years ago for $6 and it trades at .30 now. Nice lesson learned for $600.
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Registered User Joined: 12/8/2004 Posts: 1,301
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QUOTE (garybluemel) Now that jdsu is down from 4.50 to 3.39 do you feel it is a good buy?
MT predictors says jdsu is a buy if the price moves above 3.38 over the next couple of days. This would indicate the beginning of a wave 5 uptrend.
Potential:
Typ Wave 5 is 4.44 to 4.61 a risk/reward of 7.6:1
Max Wave 5 is 5.19 to 5.39 a risk/reward of 12.9:1
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Registered User Joined: 12/19/2004 Posts: 415
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Looks like another tumble today, what does the software indiacte after another 6% fall today?
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Registered User Joined: 12/31/2004 Posts: 382
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after hours was not too kind with JDSU
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Registered User Joined: 12/19/2004 Posts: 415
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Nor pre-market
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Registered User Joined: 12/8/2004 Posts: 1,301
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I got in and out of this stock real quick. This is a news driven event. No one liked the idea of JDSU issuing convertable bonds.
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Registered User Joined: 2/7/2006 Posts: 218
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cramer highlighted it last night sell sell sell, dont buy dont buy dont buy....not that i follow his recomendations lmao...
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Registered User Joined: 12/8/2004 Posts: 1,301
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The bottom target for jdsu was 2.81 to 2.85. Today the stock hit 2.83 and moved up immediately up to 2.91. This may be a buying opportunity, but I would wait for confirmation tomorrow.
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