Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (138958)	8/23/2001 11:52:03 PM
From: TimF	Read Replies (1) of 1580450

What do you think of JDSU? Technically it looks like a falling knife, but I think they are going to be one of the stronger companies in this area in the long run. Cien has been doing better then many other companies in this area recently (but that's not saying much given how bad things have been in this industry). It jumped up with the S&P 500 announcement. A stock that actually joins the S&P will usually go up before the close on the day it joins at index funds have to buy it. I made money on a short term JDSU trade because of that. Bought at a bit over 100 and sold at about 140, the last 10 or maybe more was the day it offically joined the S&P, of course now its about 7. I bought some at 7 when a GTC order was triggered. I had moved it down twice to keep it from executing. Probably should have moved it down again (or maybe changed it to CIEN) considering the technicals atleast I got in at the low for the day and its up in the afterhours. Tim

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