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


To: Guy Gordon who wrote (7327)3/8/2000 7:01:00 PM
From: John Waddell, Ph.D  Read Replies (1) | Respond to of 24042
 
Washington, March 8 (Bloomberg) -- Goldman Sachs International filed with the Securities and Exchange Commission to sell 816,819 common shares of JDS Uniphase Corp.

The London-based unit of Goldman, Sachs & Co. listed the date of sale as Feb. 15. The shares at the time had an aggregate market value of $206 million, according to the Form 144 filed with the SEC.

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Does anyone know what this means for the stock?



To: Guy Gordon who wrote (7327)3/8/2000 7:32:00 PM
From: Jack T. Pearson  Read Replies (1) | Respond to of 24042
 
Does anyone know the significance of big differences in sizes of buy and sell orders? Is their a standard metric that can be used to determine the magnitude of such differences? The reason I ask is that I noticed that whenever JDSU got to 270 today, there were a series of relatively large orders ($750K+). Enough to push the price up 4-5 points in 5-10 minutes. A few 2000-6000 share buy orders can suck up a lot of 100 share sell orders. If anyone was watching on a Level II screen, maybe they can enlighten me. Also, a trade of almost 300,000 shares appears to have taken place a minute or so after 1:00PM EST. It didn't cause much change in price. I assume that was pre-arranged between the buyer and seller.



To: Guy Gordon who wrote (7327)3/8/2000 10:23:00 PM
From: Jenne  Respond to of 24042
 
So where do we go from here? It is starting to sound like a broken record, but the strength is in the NASDAQ. The minor recovery on the DOW didn't come anywhere near kicking it out of its downtrend. The NASDAQ on the other hand needed to take a break so that it can move higher from here. We have got enough fear selling this morning to begin a new leg higher. Just over 100 points from N5K, it is only one good day from a close above this level. Keep in mind that as we approach the April earnings, we first have to navigate the earnings-warning minefield. As we saw yesterday with the carnage that followed Proctor & Gamble's warning, the consequences of disappointing investors can be severe. The other possible fly in the ointment is the Initial Jobless Claims due out tomorrow morning. If employment shows up tighter than expected, look for both indexes to have trouble moving higher. On the other hand, a tame number could be just what the NASDAQ needs to power above that millennium mark, setting the stage for another whopper of an earnings season.

IO