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

To: Gut Trader who wrote (10746)	6/2/2000 10:54:00 PM
From: blaireo1	Respond to of 24042

CNN 6/2/00 - 7:02:02 PM ..... the leadership that we're looking for from the financials. The bank index is at a six month high. >> With rate worries easing, financial stocks certainly provided leadership: Big cap technology stocks also rallied: 19%; And jds uniphase a one-time high-flyer that had been hammered, rallied a stunning 37% in four days. Among market pros, however, there is still plenty of caution on the question of whether the fed's work is really done, and on whether the rally will inspire more buying, or a round of opportunistic selling. >> One of the factors i think you're going to be seeing increasingly over the next few weeks is the insiders on a lot of these recent ipo's bailing out as quickly as they can, as the stock frees up, and probably, a lot of the management and employees of the big tech firms exercising options and selling rather than holding for their retirement. >> The nasdaq has now bounced 19% off its recent low, but has not yet broken even for the year, and is nowhere near its march 10th peak above the 5,000 level. One undeniable sign of strength in today's rally: Strong volume, finally. Here at the new york stock exchange, nearly 1.2 Billion shares traded, the strongest volume in five weeks. Stuart? What are the traders say would have to happen to keep it rolling. >> You need to see continued signs the economic is slowing. Needs to head into a soft landing. >> Saf this week it feels ..... Copyright ¸ 1999, 2000 TVEyes.com, Inc. All rights reserved. Questions, comments, or suggestions? Send us feedback. Privacy Policy