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


To: Jimbo who wrote (1705)11/4/1999 6:20:00 AM
From: John Boluyt  Read Replies (2) | Respond to of 24042
 
Can't really predict that. First few minutes of
trading and how the stock opens should tell the
tale. It is just not that uncommon for a stock to
run up before an event (earnings, news, etc...) to
only sell off after. Nobody could rationalize the
20 point move yesterday. Any news maybe already factored
into the price. It is also not that uncommon for
the acquiring company to go down in price. But who
knows, this stock is acting pretty wild. Too scary for
me to buy at these levels. JDSU could have been bought
3 weeks ago for about 120. Acting to much like a penny
stock. Nothing ever goes straight up forever. Would
not be surprised if the stock gets downgraded on valuation
if it continues to go higher. Just my 2 cents...



To: Jimbo who wrote (1705)11/4/1999 8:12:00 AM
From: t2  Read Replies (3) | Respond to of 24042
 
Are you saying there will be a wave of selling on this news ? - Momentary at best I would think !

I agree. It would be only a momentary drop if it occurs at all. Actually, i am expecting a big pop in the stock----probably going over 200 very quickly this morning.
This stock is getting so much exposure in the last day or so and people are just waking up to it. Under such a scenario, the sellers would be overwelmed by the buyers and we should shoot up rapidly to about 210 or higher by the end of the week.
Good Luck to those who still want to get into the stock.

It reminds me of Yahoo and how they were able to acquire while traditional companies could not. As a result they became very large.
The good thing about JDS is that it is not an internet company and still able to do this!!!