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

To: D.B. Cooper who wrote (10105)	5/9/2000 3:18:00 PM
From: t2	Respond to of 24042

SSB pushing ETEK and JDSU after their meeting with Corning management. Mid day call on CNBC.

To: D.B. Cooper who wrote (10105)	5/10/2000 3:16:00 PM
From: D.B. Cooper	Read Replies (1) \| Respond to of 24042

Another viewpoint JDSU-- Divers Electronics -- Technology 10-May-00 14:29:00 As investors continue to shed tech stocks, JDS Uniphase has plunged $81 1/2 to trade at $81 5/8 in active trading. Month-to- date, JDSU has lost over 22% as investors again question the high valuations of tech stocks. Notably, the stock is nearing its recent support levels around the upper $70s. Today, bottom fishers have created support around $79, which has served as a base for a partial intra-day recovery. That said, the stock will likely remain under pressure in the near-term as investors continue to consolidate their positions. Block volume is moderate with about 15% of today?s activity attributable to trades of 10,000 shares or more. JDSU has a wide following among day-traders, which suggests that much of the activity is related to retail investors. The I-Watch pre-trade chart further indicates a lack of institutional interest. While the chart shows predominately super buy messages throughout the session, the amount of shares represented is nominal compared to JDSU?s total volume. (Retail brokers do not advertise in the pre-trade market). So who is using I-Watch? Much of the activity is related to market making, as institutional brokers drum up business by advertising that they have stock available for sale. Additionally, professional day traders who are flipping in/out of the stock, are using brokers to advertise on I-Watch. The post-trade data shows that institutional brokers have claimed roughly 65% of total data?again, much of this is related to market making and institutional day trading. Retail brokers have reported nearly 25% of total volume, which is a decent amount. thomsoninvest.net Good Luck Don