JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: hamsandwich who wrote (21345)	8/25/2001 3:48:57 PM
From: sea_biscuit	Read Replies (1) of 24042

When it is at 4, half the people who bought it at 10 would be wishing that they had never heard of it! The daily trading volume is still high enough for the entire lot of shares to be turned over completely every 50 days. So, what's happening is that traders are kicking this around, and trying to make profits on the short-term movements. Eventually, everybody will get tired of this, the traders will move on to something else and the bagholders will be hoping that it will get back to break-even so that they can sell. Of course, that won't happen. By the end of this year, we will see some tax-loss selling but the story won't be complete and this stock won't get buried until the end of next year. Much as we wish the pain will be short and swift, bear markets have a different idea -- they take their own sweet time to complete the demolition job.

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