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Technology Stocks : JDS Uniphase (JDSU)
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To: Boplicity who wrote (1852)11/8/1999 12:08:00 AM
From: Guy Gordon  Read Replies (1) of 24042
 
Greg, As much as I would love to believe that JDSU will start a new, steeper channel, I just can't convince myself of it.

Consider how steep the current channel is! 1000% in 12 months. 76% in just the last three weeks.

And what about all the people who have made that money? A lot of them will take their profits. That and some short selling will drive down the stock. Then there are the options players. The MMs for those options hedge.

Nope. I just don't buy it. Love to see it though. I'm still long JDSU. I have puts to protect me from the downside risk.
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