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Technology Stocks : JDS Uniphase (JDSU)

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To: Rob S. who wrote (11691)7/21/2000 9:04:25 PM
From: t2  Read Replies (1) of 24042
 
You need to distinguish between promotions of S and P mid cap stocks to the S and P 500 and those like JDSU which go directly to the S and P 500. It seems to make a big difference. BRCM also went right into the 500, as did yahoo, aol, vrts. Note VRTS was a special situation.

The ones coming out of the midcap don't seem to make much of a move when they are added.

I do think that an addition like JDSU is unprecedented and therefore very unpredictable. IMHO, you gotta load up on other optical stocks like Corning, NT as some funds are selling some of their holdings of JDSU/SDLI. You can bet they are looking for some alternatives in this high growth area. IMHO, it is no coincidence that GLW and NT were also up today.
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