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October 10, 2005 Stock Pick: JDS Uniphase Corp (JDSU)

Stock Price: $2.14

JDS Uniphase Corp is a leading maker of fiber optic components. The components are used for commercial, industrial, and consumer applications including data services, security, and defense.

JDSU is a big company with lots of shares outstanding and a 3% short interest. The best thing about JDSU is that over the last month, it has trended strongly higher after five months at the $1.50 level.

Momentum is now on JDSU's side and the market appears to be looking for those safe play stocks. JDSU has little downside with upside above $3.00, short term.

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