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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (3788)	1/5/2000 7:10:00 AM
From: Lee	Read Replies (1) of 24042

t2,..OT OT OT OT OT Re:.Could it just be an indication of institutional selling while the individual sees no reason to panic? VIX is a measure of the volatility of options. A nice explanation is below and another longer term graph as well. On the graph, if you notice around late '98, volatility peaked and we had a tremendous run up in the market following. CME 1999 Volatility Reference Guide cme.com mrci.com The VIX is from the CBOE and more info is at the following site. cboe.com You could probably look at it as people scrambling to hedge long or short positions using options when the market makes a big move.<g> People can't stay away from this market and the speculative stocks---even after tax selling they will pour the cash back in. I think you're right, after all, 6.5% bonds are a sad alternative to even mediocre performing tech stocks so it's hard to see what could compete with leading edge tech issues. <g> Cheers, Lee

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