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Technology Stocks : JDS Uniphase (JDSU)

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To: Ibexx who wrote (7335)3/8/2000 7:38:00 PM
From: t2  Read Replies (2) of 24042
 
Ibexx, I was beginning to think you were ripped off with that price. <g>

We had a nice consolodation in the fibre optic stocks today. I believe it will run up the split as well as afterwards. The nervous money (as i mentioned earlier) has pulled out.

In addition, confidence appears to be returning to the markets in general today and that usually means a Nasdaq rally is on the way. When people get too worried about the DOW, the Nasdaq has a tendency to sell off a little.

Also read about a lot of put buying taking place --- a great contrarian indicator.
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