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Technology Stocks : JDS Uniphase (JDSU)

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To: Nick who wrote (11909)7/26/2000 9:51:27 AM
From: Winston Lee   of 24042
 
That's right. I wouldn't be surprised if 30 million shares were shorted by the arbs. Most arbs are timid creatures - they have stringent risk management, so if their losses hit a certain threshold, they begin to cover. Right now they're getting killed in a big way because of the huge amount of leverage many use.
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