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Technology Stocks : JDS Uniphase (JDSU)

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To: DOUG H who wrote (1732)11/4/1999 11:05:00 AM
From: Boplicity  Read Replies (1) of 24042
 
Nice recover from the selling, I added. What you are seeing is one strong stock. You can't even keep it down on a merger. By now the powers to be have digested the merger and have a handle on what it means. So today's action, so far, shows to me that JDSU has become even stronger and re-test of the lower channel, that was eluted to last night, is even more unlikely to happen. NO I don't expect JDSU to jump like it has, the merger will keep it from doing that plus the weight of the already heady gains, so I see a digesting period, a nice upward trend. One has to remember the split is coming it will be a magnet drawing JDSU forward. As always, the general market condition will outweigh all other stock specific happenings.

Greg
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