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

To: Martin Atogho who wrote (4642)1/18/2000 12:29:00 AM
From: pat mudge  Read Replies (1) | Respond to of 24042
 
Martin --

Actually, it took JDSU about 9 trading days to absorb the OCLI news. On Nov. 4 it closed at 62.50 and during the next two weeks went as low as 58 before returning above the price on the day of the announcement. Not even a hiccough, but time for anyone to add if they wanted. (You can see where my mind is.:))

One more thought: keep in mind OCLI was $2.8 billion and ETEK's 5X that.

Pat



To: Martin Atogho who wrote (4642)1/18/2000 12:37:00 AM
From: N. David Lessani  Read Replies (3) | Respond to of 24042
 
Both stocks should go up tomorrow BUT arbitrage people usually sell JDSU short and buy ETEK long. This is regular arbitrage game in Wall Street.



To: Martin Atogho who wrote (4642)1/18/2000 8:02:00 AM
From: dangergirl  Read Replies (2) | Respond to of 24042
 
Yes-- it ran up but then it hit a brick wall at 200,too.


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