I agree! If it's so bad, just sell with the intention of buying back cheaper or sell and move on to something else.
On another note, what I am interested in is other's opinions on how this company split might play out. The market seems very indifferent to it for the most part. It had a few spikes (when it was first announced) and a couple of other times, but it hasn't been able to sustain any of the upward momentum.
Would a holder of JDSU stock one day wake up and now hold shares in each of the two new companies? I'm assuming that's how it would work. What if one of the companies spikes up and the other goes way down on that first day?
I'm in agreement that JDSU management isn't very inspiring, but I do think the sector itself accounts for most of the pain and suffering of longs.
After this latest quarter's earnings report and guidance, for the very first time I'm actually thinking the stock price might not go up as the company divides into two.
I really don't think it matters at this point. Last quarter they had weak earnings and guidance and the stock didn't get hit.
We get a double top at $14, then basically a 50% retracement down to this ridiculously narrow trading range that is lasting for almost a month. What do you think is causing this?
On a second point, last quarter their earnings and guidance weren't all that great and the stock price did OK considering. It appeared that the company split up overrode the earnings report and guidance. How do you see this playing out once again next week?
I'd call JDSU's chart pattern a shakeout. It puts in a double top at $14. No way would "they" let it break higher from there. Then it gets taken down to where it's at now. I haven't bothered to see if it's actually a 50% retracement, but I wouldn't be surprised if it wasn't. Just enough torture to get everyone very uneasy and annoyed before the earnings report. And that would be both on the long and short side.
Last quarter their numbers and guidance weren't all that great and the stock price didn't do too bad. It's really tough to know how the stock price will react to whatever the news is given that the company is splitting up. Maybe that's why it just sits in this trading range,