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

To: Bill Holtzman who wrote (1264)	10/13/1999 8:39:00 PM
From: t2	Read Replies (1) \| Respond to of 24042

Bill, The Apple earnings and forward looking statements should lead to some bounce tomorrow. There had been a lot of worries about IBM as well. Now some will think that maybe some problems are company specific. I hope SUNW does well tomorrow after the bell. It will add to some confidence about the market. JDSU should rally at the open tomorrow. 1. I am looking at the October calls but will wait for the Friday economic data. I am betting that on good ecomonic news, JDSU will rally at the open (buy the options even at that point) and it closes up a lot higher (unload them). If one is afraid of the MM games, then it is probably better to go with Novembers. I will be tempted for tomorrow (for October calls)only if we see a continuing selloff. My reason would be that bad ecomonic would get priced into the market. 2. Additionally, what if Japan makes some stronger statement on the YEN. Last month, i had a lot of success betting that if the YEN strengthened on Thursday trading in Japan, it would weaken in the Friday as the bank makes some statement. Stangely that is how it unfolded. It was a gamble on my part. So if the Yen strengthens tonite, tomorrow might be a good buying opportunity in MSFT/JDSU and probably lots of others. If (2) does not pan out tonite, i will rely on scenario (1). Good luck.