UNPH _ Uniphase Message Board

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Technology Stocks : UNPH _ Uniphase

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To: w2j2 who wrote (777)	3/5/1998 10:35:00 PM
From: Ed Frye	Read Replies (1) of 1261

<Ed, the chart looks terrible! wj hi walter - i was out of UNPH til Tuesday when i thought it put in a nice bottom at its 30 WMA - classic hammer candlestick - sure enuff - yesterday - it bounced nicely - i pondered whether to sell yesterday - wish i had but i didn't - but i compromised and sold in-the-money covered calls (mar37.5) - i'm not sure what to read into today - held gamely early before giving way late - by the end it got hammered like most all tech stocks. btw - i was the purchase just BEFORE the 50,000 buy on Tuesday - stock has received good support in 38 range recently. i watched UNPH go from 32+ to 45 in the recent big rally - it moved up much later than the rest of the market and never broke its previous highs unlike most healthy stocks during this rally - first it was the lu news - then worldcom/cien news - then semiequip sector downgrade - and now another tech wreck - have all acted to hold it back - i am confidant it will make earnings this Q and has a bright future - at worst i'm in at 33.5 which ain't bad - i'll buy more if it goes into low 30s again - i see your xlnx has been doing much better - i almost jumped in @35ish - wish i had........//ed

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