Do bear markets rally on Monday's? Is today's pullback in high volume? have you checked JDSUs eps growth rate recently? The market is being very rational where it's placing capital and the companies that can grow their unit volume, get revenues and earnings going at a 30 to 40 percent clip are being rewarded accordingly. I see nothing irrational about it.
They said the same for Polaroid 25 years ago when it was $150. It went down to $15.00. JDSU has very high expectations. It will miss it sooner or latter. Technology changes very fast. Why invest today, looking at 5 years ahead on revenue and not earning. After a few weeks you and other like you will see the rationality. Nothing has change when JDSU was $153.00.