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

To: Robert New who wrote (11476)	7/19/2000 7:30:18 PM
From: djia101362	Read Replies (1) \| Respond to of 24042

One S&P addition that sticks out is VRTS. When VRTS was added, similarly it jumped about 20 pts. after hours, only to fall in the days to follow. The one major difference was that VRTS was added when the techs were topping out and at that time, not even an S&P inclusion could have helped. Today's market although only a few months later, seems to be on better footing and had it not been for the merger, I think JDSU would take out the old highs and then some. I'm not so sure that JDSU will get to $150 in short order but I'd be as happy as anybody if it did. SDLI is a big fish to pull along and will no doubt slow down the JDSU accent that would have resulted from this announcement had the merger not been announced. It's easy to play the "what if" game but had this announcment come 2 weeks earlier, it's likely SDLI would only be getting about 3 shares to 1 rather than the 3.8 to 1.

To: Robert New who wrote (11476)	7/19/2000 8:15:10 PM
From: Rob S.	Read Replies (6) \| Respond to of 24042

Let's take a look at what S&P listing has meant for other stocks: spglobal.com The S & P site shows when stocks have been added to the 500. They announce the new listings about a week ahead: 7/19 announcement for JDSU listing on 7/26. Take a look at how the stocks had been trading prior to the announcement and consider the market climate. Some institutions must load up on JDSU shares, but many institutions already are loaded up and won't need to buy any more. In any case, the amount they will need to buy is similar to other stocks added in the past. A close look at the charts of more favorable market climates and while showing more bullish accumulation patterns). The majority of stocks moved up by an average of 11% the day following of the announcement but then trailed down during the next few days to a level bellow the peak. I have observed that the after-market tends to exaggerate price movements of stocks. They typically move 15%-20% in the after-market only to correct to a more modest move when the full market opens. This is great news for investors who are already long on the stock. Most stocks move up substantially in the several days following listing. However, that "150 stands very conservative by the end of the week" is hyperbole imo. I shorted JDSU in the after-market at around 124. I'll probably cover tomorrow when it moves down bellow 120.