Agere Systems (AGR)

[Frank Pembleton]

S ... this is one tough stock to build a bullish T/A argument on, the selling has been steady and uniform with very low volatility.



I originally bought in after the second bottom was put into place, only to be stopped out 2-days later. On Friday afternoon I restored my position at $2.53 thinking that the low volatility sell-off was more likely to do with a soft market rather than anything fundamentally bad with the company ... and fundamentally it's dirt cheap and it has a great customer list.

I got lucky last week with OPLK, hoping to do the same next week with Agere.

Good luck!