JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Tunica Albuginea who wrote (8408)	4/4/2000 4:25:00 PM
From: t2	Read Replies (2) of 24042

Yesterday's disaster, which was worse in other stocks, forced people sell their JDSU today and that is one of the reason it tanked during the day. I think the high volume is a sign of strong buying interest in this stock. It looks like we shook out all the people that can't handle the volatility. That means we go higher, IMHO. Also the news keeps getting better with JDSU, and that is why I have made it my number 2 holding again--possibly on its way to number 1 again. The 500 drop was good (i think). I keep hearing about the technicians wanting a retest. LOL! It is not going to happen. Looking at charts and "forcing" retests is stupid. Even if we did retest, they will come out and say it has to go lower. <g> IMHO, the absence of earnings news release is the reason for the selloff. The incredibly swift rally shows there are lots of buyers. I don't expect most will keep the money in bonds for long.

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