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


To: Bill Holtzman who wrote (4902)1/20/2000 11:12:00 PM
From: Andy  Read Replies (1) | Respond to of 24042
 
Yesterday A.M. I purchased $5,000 worth of JDSU for my
4th grader @ $187.00. I told my friends on the train
to work that in ten years when my daughter is ready for
college I'll be able to say, "If you purchased $5,000
worth of JDSU ten years ago you would be worth $??????."
Any way she is ahead 27% in 2 days........
Fun food for thought.
Andy Richter



To: Bill Holtzman who wrote (4902)1/21/2000 3:06:00 AM
From: Thomas Tam  Read Replies (1) | Respond to of 24042
 
Regarding S&P 500 money

Check this post from July '99

Message 10435345

The current market cap is in the neighborhood of 12-13 trillion.

JDSU's current market cap excluding ETEK is 68 billion.

Therefore the percentage is roughly between 0.52-0.56%

I believe Vanguard index fund alone is in the area of 100 billion. The last reference I had was the 700 Billion dollars in the pension and index funds mimicking the S&P. Again that was 6 months ago.

They would need to buy 3.6 billion dollars worth of shares and at today's close at ~$238, that would require 15 million shares to be bought as of today. Of course with the OCLI merger and ETEK merger, the market cap will balloon even further causing a larger market cap weighted position. Currently 6 and 15 billion respectively.

The numbers are boggling, and of course assumes JDSU holds its price. Definitely a major short squeeze is happening. The only thing that will shut it down would be a secondary offering to appease the shorts and institutions.

Later