The Nas is up almost 1.5% and JDSU is still fighting to stay level. Clearly it is no longer a bellweather for the tech sector, and is not persuading anyone of a coming fiber optic boom. As I said earlier, the market wants no part of this company after its long record of failure
my point was taht JDSU used to be regarded as a bellweather tech stock, along with Cisco and others. Now it is not. The low volume and narrow movement demonstrates how far it has fallen from leadership. It has been a long time since it moved up wouldn't you say? A very long time. Even the rise before the last earnings report barely brought it in sight of the $3 level where it had hovered for much of last year.