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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (13489)10/26/2000 5:45:30 PM
From: sam  Read Replies (1) of 24042
 
No doubt short position increased substantially last few days as some funds sold into the weakness and shorters took advantage of this situation to "put a stake in the heart of the last tulips." Seems a bit premature now, but who knows? Some of that short money won't cover any time soon as they truly believe the "optical bubble" is still about to burst. Some will cover and volume may continue to be quite nice next few days. I fully expect a battle tomorrow as shorts test the mettle of jittery longs. They should realize, however, that most of those longs didn't sell at 62...so why would they sell now? jmho
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