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Technology Stocks : JDS Uniphase (JDSU)
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To: luther yow who wrote (18649)2/15/2001 2:08:44 PM
From: JakeStraw  Read Replies (1) of 24042
 
This sums it up -
thestreet.com
"So, as one trader put it yesterday, two things were happening to send optical stocks higher. One is that investors are covering their short positions and the other was a gradual trend by individuals figuring that now is the time to buy.
"People are saying 'OK, these things are going to bottom out at some point, what's the risk, another 10%,'" he said.
The same trader, though, also pointed out that these moves were coming largely from individuals. Money from big mutual funds has yet to move in."
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