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Technology Stocks : JDS Uniphase (JDSU)

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To: Bill Holtzman who wrote (12867)10/3/2000 6:20:00 PM
From: t2  Read Replies (2) of 24042
 
NAZ futures up 30....gee, looks like another 100 point down day. These futures traders suck.

I think you got it right Bill. This has been too predictable lately. I just thought that since someone will not pass up on easy money, they would be shorting the Nasdaq futures pre-market everyday.
I sure hope they sell off the Nas futures tomorrow AM--at least there should be enough shorting for the gains to disappear.

I had always felt that since everyone knows the pattern, it won't hold. Why would anyone want to pass up on a easy short on the Nas futures, every morning. I don't get it. That was my reason for not sticking to that theory.

Another thing was the IBM earnings warning rumors. I hope they are not true --maybe even short sellers were expecting it. The short covering has got to start soon--I hope.

BTW--why the hell do stocks go up afterhours--almost daily?
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