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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (12636)9/14/2000 6:17:45 PM
From: FlameMe  Read Replies (1) of 24042
 
t2,
I hope you are right. The stock just feels heavy, though. Look at how it reacts on a pullback compared to other stocks, Ciena for example. It barely bounces back, while Ciena jumps back explosively.

I wonder if one of the big shareholders (Furakawa) is selling more of their position. Short sellers are probably leaning on it also. If this is why it feels heavy, then you're right, the stock will fly one of these days. I bought more shares on this pullback, but it still seems range bound to me.

good luck,
Ross
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