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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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