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

To: Catcher who wrote (11428)	7/19/2000 12:03:04 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 24042

what are your thoughts on NUFO? Go to bigcharts and look at a 10-day chart of SDLI, NUFO, and JDSU (15-minute intervals...http://www.bigcharts.com/intchart/frames/frames.asp?symb=&time=&freq=). You'll see that since the JDSU/SDLI announcement, SDLI is up almost 30%, JDSU is down a bit, and NUFO is up about 75%! As I recall, the JDSU announcement was a definitive agreement to buy SDLI, not NUFO. Perhaps some daytraders heard differently. NUFO now has a market cap over 8BB and had sales last quarter (Mar) of a little under 10MM. H&Q estimates 47MM sales this year and 95MM next year (probably subject to upward revision). I don't think I'd be buying here, and if I was holding shares bought above 100, I'd probably set a stop. Presumably the rise is due to anticipation that somebody will take NUFO out. But since the rise has been so dramatic, it seems either the daytraders got carried away or else somebody with a lot of money has reason to be confident in pushing the stock higher. Impressive run again today...I'll watch from the sidelines.