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Technology Stocks : JDS Uniphase (JDSU)
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To: Dalin who wrote (12703)9/19/2000 4:24:03 PM
From: t2  Read Replies (2) of 24042
 
Dalin, good move. I thought about adding calls on it today when the stock was around 100 but did not---picking another tech stock instead.
Maybe JDSU is finally coming to life again. If one looks at QCOM, we have seen rallies on that one as well. These were the 2 big momentum stocks of last year that had hard times this year.
The difference was that JDSU never guided analyst down in their earnings or growth---ie there is no bad news for JDSU.

I still think it got so over shorted that it is bound for an explosive rally. Maybe some of the funds that sold their JDSU in the past are ready to buy them back--after taking profits on Utilities etc. The big move could from from covering.
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