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

To: SJS who wrote (5968)	2/3/2000 12:52:00 PM
From: Lee	Read Replies (2) \| Respond to of 24042

SJS,..Re:.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. They're voting to increase shares from 600k to 3b on Feb. 25. That will increase the current float (186m according to Yahoo) substantially even after they pay the 2/1 split. Will definitely slow down the explosive moves going forward.<g> edgar-online.com The Special Meeting of Stockholders of JDS Uniphase Corporation, a Delaware corporation (the "Company"), will be held at the Company's offices located at 210 Baypointe Parkway, San Jose, California 95134, on Friday, February 25, 2000, at 10:00 A.M., Pacific Time, for the purpose of considering and acting upon the following: 1. Approval of an amendment to the Company's Amended and Restated Certificate of Incorporation to increase the number of shares of Common Stock, par value $.001 per share, which the Company is authorized to issue from 600,000,000 shares to 3,000,000,000 shares. Approval of this Proposal will result in a two-for-one split of the Company's Common Stock to be paid as a dividend. Cheers, Lee

To: SJS who wrote (5968)	2/3/2000 1:16:00 PM
From: t2	Read Replies (1) \| 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 At least there would be a correlation of those that shorted the 30 year bond and the way the cyclical stocks are trading. To me that makes a lot of sense. If you are worried about the impact of higher interest rates on the stock market, you would be more concerned with the Nasdaq stocks rather than the cyclicals. Therefore to protect your short on the long bond, you would be long on these and not the Nasdaq. If the short covering in the bond is happened or happening, there could have been a lot of selling of these types of stocks (cyclicals etc) as a result. This not a science. If it was, those hedge funds would have figured that out by now and done a lot better than individual investors do. Old patterns of hedge fund behavior may not give a true picture of what is happening today. It is a matter of developing a theory of what is happening right now. That is my take on it. Of course i could be wrong. I am referring to what has happened this morning and yesterday (maybe all of this week). That is correlation between the 30 year bond and the "safer" value stocks.