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

To: t2 who wrote (10044)	5/5/2000 1:11:00 PM
From: Gut Trader	Read Replies (2) \| Respond to of 24042

Here is a entertaining note from Thomsons i -watch . The widespread recovery in technology shares boost JDSU today. However, month- to-date, JDSU is still down nearly 10%, due in part to rumors regarding the supply of optical components. In today's session, volume is slightly ahead of typical levels, with more than 8 million traded compared to the 10-day average daily volume of 21 million shares. Block trades account for a moderate 17% of total volume. Short-term investors are driving today's session, with much of the participation coming from retail investors. While JDSU is moving higher, the I-Watch pre-trade data shows just 2 super buy messages and several super sells. However, the amount of shares represented by the message volume (around 450k shares) is insignificant compared to JDSU's total volume. The institutional investors buying stock are aggressive growth investors and professional day-traders, who rarely use brokers to work a trade. Additionally, JDSU has a massive following from retail day traders. Since I-Watch's pre-trade data only shows institutional broker activity, the demand from retail investors is not represented. So who is using I-Watch? Much of the super messages are related to market makers, who know they can get business by advertising available blocks of JDSU. Likewise, a good portion of the institutional portion of the I- Watch Total Trade Volume chart is related to institutional players. The strong presence of short-term investors will keep trading choppy for the remainder of the session- particularly as some profit takers move in ahead of the weekend.