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.

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