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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (11266)7/11/2000 1:19:04 PM
From: donv  Read Replies (1) of 24042
 
<,Lets see if the recovery on JDSU starts late this afternoon. >.

I doubt it, I have been watching all day and each tick up is met with big blocks coming in to sell, their is major distribution going on IMO, I wish I was wrong as JDSU is my largest position, but I see dead $$$ at best for awhile.

The only bounce we may get is any news that the deal may not happen, IMO the street feels this deal is way overpriced and is selling first,any defending of this deal hasn't been very strong and may just be a ploy to allow exiting positions, the volume today is huge again, not good on a down day.

Hate to be negative but just calling it the way I see it, or as the market percieves it.

donv
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