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Technology Stocks : JDS Uniphase (JDSU)
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To: Tunica Albuginea who wrote (4789)1/20/2000 6:27:00 AM
From: t2  Read Replies (2) of 24042
 
Tunica, Notice the trading pattern in the stock. It tried to crack 210 and failed 1 or 2 weeks ago. Did not hold 200 on Tuesday. When it stayed in the 207 range for such a long time on Wednesday, one could sense there would be no late day decline. Got over 210 and that became the support level instead of the resistance.

Although many don't like the afterhours quotes (and i understand their point of view), i have been noticing that the price went up afterhours every day (or almost every day) for the last week. Could it have been heavy short covering aftermarket so as to keep the stock in the desired range during the day by shorting it---being so close to options expiration and the big open interest at 200? Maybe it was part of the reason for the late day selloffs.
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