Catching JDSU today

Discussion in 'Trading' started by lojze, Jul 11, 2002.

  1. lojze


    How it wuld be possible to catch JDSU today?

    It was +20%, but not with one news. Or I don't follow the right one's.

  2. trade and watch the market for a few years...then maybe you'll begin to understand.
  3. i bet he's thanking you so much for that answer.
  4. Babak



    There are only two ways:

    1] you need to be scanning the market (news, vol, % move, etc.)

    2] have a list of stocks that you play (and JDSU is one of them)

    I found it today using the first method.
  5. lojze



    which tool did you use for scanning to find the JDSU?

  6. JDSU had fuel today for 3 reasons:
    1) the generalised intraday reversal in the market
    2) the fact that JDSU had undergone a classic intraday consolidation breakout (on a tickchart)
    3) the fact that JDSU had broken through its 50 day moving average

    The combination of these 3 factors probably helped JDSU on its way... a coalescence of complementary factors often has this effect, and JDSU is an example of the trading Gods smiling kindly...