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JDSU missed on guidance and the stock is down a bit. I’ve been waiting for another sell-off to add to my small tranche position that I bought a while ago, and I’ll likely nibble a second small long-term tranche in JDSU common stock in the next few days.
On the other hand, I’m about sick to death of CREE not gaining traction on the bottom line. The topline growth is great, but we need to see some expansion of margins. It’s a tiny toehold position in my portfolio and I’m likely to punt it after it settles down in the next few days too.
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