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

To: Jenne who wrote (1862)	11/8/1999 5:23:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 24042

JDS Uniphase Corp. (JDSU) 191 -6: CIBC World Markets reiterates "strong buy" rating on fiberoptic communications equipment company; has a 12-month price target of $220..... Greg

To: Jenne who wrote (1862)	11/8/1999 5:46:00 PM
From: Guy Gordon	Read Replies (1) \| Respond to of 24042

RE "Where's the bottom?" Zero :-) Seriously, I don't expect JDSU to fall below its 26-day Moving Average. But I don't mean the $146 where it is today. The 26-day MA will rise to meet the stock as it comes down. JDSU could even move sideways and let the average come up to it. BTW, I sold Covered Calls on JDSU today, so I now have a "fence". I own the stock and puts and am short Calls. The premium on the calls paid for the expensive puts. So now I'm protected against the downside, but I lose potential gains if the stock rises too much.