JDS Fitel Message Board

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Gold/Mining/Energy : JDS Fitel

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To: jcondie who wrote (461)	12/3/1998 6:52:00 PM
From: Aloysius Lo	Read Replies (1) of 815

With Naz shedding 2%, the big swingers didn't let JDS budge... Action still appears to me that institutions going long are leaving (perhaps several) trading desks a little short with little room to wind them in. Otherwise, we should've seen at least some sort of decline in the wake of today's broad based sell off, or during Monday's decline. But as long as the pro's are in control we should see a fairly orderly market..the stock is still a thin trader by institutional standards, lets hope this volume can keep up and generate a real market, especially for the options... I'm still betting that the relative strength has undoubtedly caught most investors off guard and is at least giving some institutional traders a hard time. How about some unorthodox technical speculation ? If it took 1.5M volume to keep JDS in check on a day like today, what kind of volume will it take to find an equilibrium on a more 'usual' day? Aloysius "Buy the market on the dips? But what if there are no..."

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