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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Drake who wrote (387)6/16/1999 9:18:00 AM
From: Bulldozer  Read Replies (2) | Respond to of 24042
 
To all: UNPH was the victim of the shorts yesterday as a rumor swirled around the fast money crowd that UNPH was guiding numbers lower for some reason. I believe they presented at Oppenheimer yesterday and apparently a rumor was started about their guidance. Although I did not see it, Opp got the word out that no such thing occured and even H&Q apparently sent word via its brokers that this was a false rumor. Its amazing what actually happens out there isn't it?!

These were people that didn't even know what UNPH does, just get in and get out and hope to score a few bucks on the downside. The marketmakers must have been scared and just kept dropping the price. According to pre-open prices, it looks like everyone is coming back to their senses.

Bulldozer