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Technology Stocks : JDS Uniphase (JDSU)
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To: robert b furman who wrote (22201)2/14/2002 1:08:57 PM
From: RonR  Read Replies (1) of 24042
 
"Seems to be some bigger buyer providing strong support at the 6.37-6.38 area."

I've been watching JDSU for days now and notice that there is ongoing support levels established and these levels keep getting taken out. The easy answer here is that there are no buyers willing to pay higher prices and there are MM's willing to take pennies off the table. The support that you see is artificial and I don't see anything on the horizon that will be a catalyst to cause this stock to go up. I see us drifting down to 6.00 and hovering there until next qtr results. I don't see us going to low 5's level as back in Sept.

JMO

RonR
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