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Technology Stocks : JDS Uniphase (JDSU)
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To: Robert New who wrote (11476)7/19/2000 8:15:10 PM
From: Rob S.  Read Replies (6) of 24042
 
Let's take a look at what S&P listing has meant for other stocks:

spglobal.com

The S & P site shows when stocks have been added to the 500. They announce the new listings about a week ahead: 7/19 announcement for JDSU listing on 7/26. Take a look at how the stocks had been trading prior to the announcement and consider the market climate. Some institutions must load up on JDSU shares, but many institutions already are loaded up and won't need to buy any more. In any case, the amount they will need to buy is similar to other stocks added in the past. A close look at the charts of more favorable market climates and while showing more bullish accumulation patterns). The majority of stocks moved up by an average of 11% the day following of the announcement but then trailed down during the next few days to a level bellow the peak. I have observed that the after-market tends to exaggerate price movements of stocks. They typically move 15%-20% in the after-market only to correct to a more modest move when the full market opens.

This is great news for investors who are already long on the stock. Most stocks move up substantially in the several days following listing. However, that "150 stands very conservative by the end of the week" is hyperbole imo.

I shorted JDSU in the after-market at around 124.
I'll probably cover tomorrow when it moves down bellow 120.
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