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

To: t2 who wrote (4793)	1/20/2000 6:51:00 AM
From: t2	Read Replies (1) \| Respond to of 24042

We should be at 280 by the time earnings are released. I have been right in the last couple of months with my aggressive predictions (maybe i was even conservative). I will try my luck again. I won't mind if someone posts next Thursday to tell me how off base i was. However, i fully expect to see 280. My rationale: Tremendous momentum and it is growing. Stock now has developed a QCOM type of image among the media. I believe it is even better considering all the broadband chatter and component shortages. It is also developing a Cisco/Intel image. Those contemplating taking profits will think back to the strong gains experienced by Cisco for years, thus reducing selling among institutional investors. Even if earnings only come in line, the conference will cite capacity constraints as the reason. The risk of a sharp price drop if they don't report a blow out quarter is small. They will talk about how capacity constraints held them back and how they opening up big facilities all over the place. This anticipation by the market will mean that investors will not get jittery about selling ahead of earnings. Remember last quarter how the earnings were better than expected but people were tossing around big whisper numbers. The stock dropped initially afterhours but then took in a big way the next day (and even late afterhours trading). Based upon the above, we will see a big drop in the amount of stock for sale and an increase in demand right up until earnings. This imbalance will of course be corrected with some serious price gains to the 280 range. In addition, the shorts will get blown away! Good Luck (the above is all --- IMHO of course)

To: t2 who wrote (4793)	1/20/2000 9:12:00 AM
From: Tunica Albuginea	Respond to of 24042

You are right t2 I think, they tried hard to keep the stock at below 200 but I don't think they will succeed for tomorrow:there are too many people that want it. This stock has mo, for momentum, :-) TA Message #4793 from t2 at Jan 20 2000 6:26AM Tunica, Notice the trading pattern in the stock. It tried to crack 210 and failed 1 or 2 weeks ago. Did not hold 200 on Tuesday. When it stayed in the 207 range for such a long time on Wednesday, one could sense there would be no late day decline. Got over 210 and that became the support level instead of the resistance. Although many don't like the afterhours quotes (and i understand their point of view), i have been noticing that the price went up afterhours every day (or almost every day) for the last week. Could it have been heavy short covering aftermarket so as to keep the stock in the desired range during the day by shorting it---being so close to options expiration and the big open interest at 200? Maybe it was part of the reason for the late day selloffs.