JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: SJS who wrote (7837)	3/17/2000 11:37:00 PM
From: Guy Gordon	Read Replies (2) of 24042

RE "Trends for spreads don't suddenly and violently reverse like this one did from 5% to about 30% over last 4 days for disguised arb strategies." Your numbers are way off. The premium for ETEK went from 4% up to 19%, and then back down to 12% today. Personally, I don't believe the rumor. I can think of two reasons for the spike, and it's coincidence with the Naz selloff: 1) Maybe the arbs just couldn't keep up with the fast movement of the two stocks. 2) Maybe they simply didn't want to short more JDSU. Anyway, I'm betting that it was the volatility during the correction that increased the spread. If so, it will continue down next week.

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