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Technology Stocks : JDS Uniphase (JDSU)

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To: luther yow who wrote (17302)1/27/2001 2:11:06 PM
From: JustTradeEm  Read Replies (3) of 24042
 
Luther, I was going to offer much the same advice that Keith already has ...

Fed Funds futures already reflect a 98% probability of a 50 bp cut on Wednesday. How the market reacts, only TA would guarantee in advance. What if we only get 25 bp a short term selloff could be in the cards. If 50 bp is already priced in, we could see a shortterm selloff on the news. Technically, the JDSU chart could easily turn down again next week.

If you get a good pop on Monday or Tuesday, please consider Keith's suggestions. Reducing margin or selling calls which can be bought back on any dip may be prudent.

Good Luck. JB
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