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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (18621)2/15/2001 8:42:36 AM
From: FlameMe  Read Replies (1) of 24042
 
t2,
You may have mentioned this already. But, there is the possibility of a little squeeze here. Sellers were really pressing as JDSU broke through 40. The idea of shorting a brief rally due to s&p addition is pretty tempting on a weak stock. Also, the huge volume and reversal are very positive. Anyone who wanted out with size yesterday got out and vice versa. The market winds may be behind us for a few days now, too. Time will tell I guess.

Good luck,
ross
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