“JDS Uniphase (NASDAQ:JDSU) looks ready for a comeback,” Jim Cramer said on Wednesday’s “Mad Money” TV show. He said JDSU could be one of the greatest comeback stories of all time. During the height of the dot-com days JDS Uniphase advanced a unbelievable 7000%, only to then lose 99% of its value after the Internet [...]
JDS Uniphase (JDSU) is having a terrific morning on Thursday as it has gained nearly 11%. When a stock breaks out like this, we always look for a catalyst for the move and in this case the primary reason seems to us to be an endorsement from Jim Cramer. We often cover Cramer’s Mad Money show on our blog because of this reason; he moves stocks, specifically stocks that he spends a fair amount of time on. There are small examples of the “Cramer Effect” all the time, but a recent example was when he discussed a bullish thesis on mining stock <a[More...]
On Monday, in my evening article, I said,
"The market had a really strong day today and we could see some profit-taking tomorrow. SPX 1100 could be tested, but, I think we might need a couple of more days before breaking above that level."
Isn’t it funny how a couple of sentences can sum up the market actions for [...]
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GigaMedia Limited (GIGM) was one of the stronger stocks on Wednesday, as the stock closed up $0.21 on 2x normal daily volume. GIGM hit a high of $4.22, which is resistance for Thursday’s move. The stock showed strength throughout the day and should continue this upside move. On ...
