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Technology Stocks : JDS Uniphase (JDSU)
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To: Jimbo who wrote (1705)11/4/1999 6:20:00 AM
From: John Boluyt  Read Replies (2) of 24042
 
Can't really predict that. First few minutes of
trading and how the stock opens should tell the
tale. It is just not that uncommon for a stock to
run up before an event (earnings, news, etc...) to
only sell off after. Nobody could rationalize the
20 point move yesterday. Any news maybe already factored
into the price. It is also not that uncommon for
the acquiring company to go down in price. But who
knows, this stock is acting pretty wild. Too scary for
me to buy at these levels. JDSU could have been bought
3 weeks ago for about 120. Acting to much like a penny
stock. Nothing ever goes straight up forever. Would
not be surprised if the stock gets downgraded on valuation
if it continues to go higher. Just my 2 cents...
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