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Technology Stocks : JDS Uniphase (JDSU)

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To: MileHigh who wrote (678)7/29/1999 12:41:00 AM
From: quidditch  Read Replies (1) of 24042
 
Mile High: price action on day after pricing:

Hard to judge these things; i.e., I wouldn't take that offhand BW comment to heart. The Company just posted strong earnings, the stock is doing beautifully from a TA perspective in a choppy market and JDSU takes in $600 million or so. Yes, there may be dilution, and typically upon the announcement of a secondary, price tends to decline. Here, upon the news of the pricing of an offering that the market has had a couple of weeks to discount already, I don't think you'll necessarily get a great buying opportunity. FWIW

Hope this helps. Regards. Steven
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