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

To: t2 who wrote (7233)	3/7/2000 9:09:00 PM
From: TigerPaw	Read Replies (2) \| Respond to of 24042

Index managers, Family CEO. I'm sure that fund managers don't want to give their good gainers to some other fund in the family. I think the fund family has the equivalent of a board of directors that instructs funds to buy in advance of a potential index listing, and to transfer the shares when necessary, and then they may get the shares back at a later date. They all know they are going to do this so the original purchase has the index fund in mind. I watched this trade by trade nearly, when GMST was included into the Nasdaq 100. I anticipated that the funds would have to buy and I saw nothing, not a buy. No institution touched GMST until today. They had all bought in the preceeding weeks. It zipped up, and zipped right back down to the former institutional level. TP (I think there is money to be made in the probable additions to the major indexes in the next few days)

To: t2 who wrote (7233)	3/7/2000 10:35:00 PM
From: t2	Read Replies (4) \| Respond to of 24042

I am beginning to see sense some fear in posts that i have seen lately. If that is not a bullish sign, I don't know what is. I am sure many regulars on this board have taken profits on JDSU in the last couple of days--no doubt about it. Of course this would be more true in retirement accounts. I would expect that a lot of hedging by buying puts or selling covered calls in margin accounts has been under way. My feeling is that the nervous retail investors are selling this stock or at least reducing. The mutual fund investors who have missed out on the gains in this sector are pouring their money into funds that invest in high fliers. The mutual funds and especially the newly set up funds are waiting for any dip to make their purchases---just like today. I don't recall seeing such a vicious decline in JDSU followed by an equally powerful rally. I am concluding that the supply generated by longer term investors who have made big gains is not sufficient to meet the demand for these shares. The new investors both retail and institutional will jump into it on any weakness. The mutual funds which hold such stocks see the inflows of cash into their funds and have no reason to take profits. They can instead sit on the new cash and pounce on any weakness OR they can just start buying as they get the cash. After all, they are probably sector funds anyways. All we are going to see is very small dips as we head higher. Good Luck.