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

To: t2 who wrote (5966)	2/3/2000 12:27:00 PM
From: SJS	Read Replies (2) \| Respond to of 24042

I don't think the hedge funds that short bonds are shorting high PE stocks with a high degree of correlation. My experience with hedge funds types are deals (like JDSU/ETEK) for the spread only and rumors on deals about to happen. Sense what is happening with what? The massive push into JDSU I think is over. It's bound by the two huge deals it is consuming. The arbs are all over this for the nice spread. It is related to all the new shares being issued. Quite a few people who know about this stock have entered it. Now it's going to trade with an upward bias, and they now have to execute to allow the classic measurments to "fit" their earnings and growth potential. SO... This stock will trade up very nicely, but it isn't going to move 30% or even 20% in a week, which it used to easily do. JMHO. Steve