SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : JDS Uniphase (JDSU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TigerPaw who wrote (7250)3/7/2000 9:54:00 PM
From: Jack T. Pearson  Read Replies (1) of 24042
 
TigerPaw,
Although JDSU pretty much drifted downward all day, it dropped quickly around 4:30 this afternoon and recovered most of this drop a few minutes later. The approximately 18-pt drop in JDSU in a 15-minute period around 4:30 this afternoon does not appear to have been driven by any large sellers. Looking at the 1-minute prices and volumes--about 10,000 shares were traded each minute. Funds and institutions usually move in large blocks, 10,000 shares would be a small sale for them. Multiple 20,000 share blocks are more typical. So I conclude that the big drop was a panic in sellers, mostly small ones. In the next 15-minute period, volume was about the same, most of the loss of the preceding 15-minute period was erased, and I saw several blocks of around 6,000 shares go through. I don't see any correlation with CSCO slipage. CSCO pretty much moved downward all day long. The big JDSU drop began when the price hit 290. It may be that stop loss orders at that price accelerated the decline.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News