Any thoughts?? Five super falls -- one superball Last week was a rough one for stock investors, as shareholders in nearly 5,000 companies (yes, you read that right) ended the week poorer than they began it. Hundreds of stocks -- including the five named here -- were literally decimated, losing 10% or more of their market cap in just a few short days. So what went wrong?
At JDS Uniphase, your guess is as good as mine. The telecom-equipment maker really didn't have any bad news to tell us last week. On the other hand, JDS rival Ciena did get hit with some pretty discouraging Wall Street commentary, while investors have begun muttering the "B" word -- bankruptcy -- about Alcatel-Lucent (NYSE: ALU ) . So perhaps it's a guilt-by-association thing going on at JDS.
"B" word always surround any company trading at $1 range. We never had this topic a few weeks ago. Be positive, even it's pretty tough to stay happy and comfortable when most of us bought much higher before and held them all the way down. $1.5B USD from Genesys sales should be in end of this month. Good timing while Euro down to 1.30 now, it gives ALU almost 59 million more Euro at this lower rate.