JDS Uniphase Is Set Up for a Measured Move
The late day audible on Groupon (GPRN) turned out to be the correct move. The modern day Pennysaver appears on its way to becoming a penny stock. Just like Zynga (ZNGA), it has enough cash on hand to keep it from trading much below the $3 level, but that still doesn't bode well even from here. Of course, I don't know if either is buyable, at least not for the long term. I am exiting my August ratio put spread, which was long an August 7 put and short 3x August 5 puts. This can be sold around $1.10. I will hold the ratio calendar put spread into the latter half of the day or into early tomorrow.
The optical sector has been in a bear market for what feels like two decades now. After the bell, we'll hear from JDS Uniphase (JDSU). The glory days of 2001 are well behind JDSU, and it isn't a pretty sight. Fortunately, companies can regain their beauty. But even if they do not, we can still trade them. I believe JDSU is set up for a move, but a measured one....174 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.