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Technology Stocks : JDS Uniphase (JDSU)

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To: Tunica Albuginea who wrote (4356)1/12/2000 1:15:00 PM
From: t2  Read Replies (2) of 24042
 
Tunica, I would trade JDSU long rather than short. A company that is capacity contrained is not a good one for shorting (even on a trading basis). At least i would not feel comfortable with it.
I would say that 180 to 185 is a strong base for JDSU for SHORT TERM term trading basis.
The upcoming PPI and CPI numbers have already resulted in some selloff ahead of the number even while mutual fund inflows are strong. Therefore, it would not suprise me to see a rally late day ahead of the number (PPI) tomorrow. If not, a rally on the news.

Only the retail sales number concerns me since we could have the millenium Christmas shopping season being much stronger than under normal conditions. I bet many bought more gifts and more expensive gifts to mark the end of the millinium. Of course this would be a one time thing anyways. As long as it is recognized as such, even this number may not be problem.
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