JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Tunica Albuginea who wrote (16885)	1/23/2001 5:56:51 PM
From: t2	Read Replies (1) of 24042

is it possible a JDSU short squeeze will take it past gap down of $85? That plus -abscence of sellers -Institutional buying -mo mo crowd flocking back to Vegas.... TA, I would say that it is just not short covering; many of short sellers are probably going long too as they see a big change in the market. The reasons you cited: absence of sellers, institutional buyers, Vegas crowd back in. These are very valid. There is also this fear of missing the rally after having suffered the declines--that is a painful thought for most and that is why investors are dumping money into aggressive growth fund again. (like I stated before---Janus is back!) The earnings reports in high growth tech stocks are excellent and so is the guidance. Anyone catch the way BRCM shot up to 141 after confirming guidance; not only that PMCS (which was weak today), gained $5 around the same time. I thought PMCS's weakness today was signalling a downgrade tomorrow. However, now I believe it won't matter as investors try to pick up those stocks that lagged today. PMCS reports Thursday along with JDSU and I would expect both to gain big ahead of the report. I don't have a price target but 85 is within range on JDSU in the coming 3 days, IMHO. Good Luck.

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