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

To: Winston Lee who wrote (11508)	7/19/2000 10:35:38 PM
From: Gut Trader	Respond to of 24042

Yhoo was so much fun when it was added. The momentum traders bought and bought all the shares the they could. The fund managers couldn't shake them off. The just had to keep paying up. If the market doesn't completely implode this will be one for the books. GT@ PhotonTorpedosWithGenuineJDSUinside.com

To: Winston Lee who wrote (11508)	7/19/2000 11:00:15 PM
From: BI*RI	Read Replies (2) \| Respond to of 24042

Winston, I'm loaded with JDSU, too, and I've never even bought it. The stock I bought and never sold was UNPH, which gives you an idea of why it has become the master of my portfolio. I don't own any SDLI. So, I ask you and others here, what's the downside of shorting SDLI if JDSU takes off, to say, a price point of $150, beyond giving up proportional gains on any further JDSU rise? The upside is with a significant retracement in SDLI possible due to merger factors, the gain there could be great, with little if any impact on JDSU. I guess I'm saying that by owning only JDSU, and going short say a proportional 50% of JDSU shares X SDLI, the risk is minimal, while the gains from a SDLI slide could be great. Am I off here? I'm not a trader and have only ever shorted once, but see this as maybe an opportunity given the position in JDSU I hold. I would be interested in the advice of those more experienced as to the validity of my thoughts. Marc

To: Winston Lee who wrote (11508)	7/19/2000 11:30:53 PM
From: djia101362	Read Replies (1) \| Respond to of 24042

Winston, that is exactly what I have said from day one. The higher JDSU goes, the more risk to there is in holding SDLI. Obviously those with very low tax basis have tax considerations when deciding to sell or hold but anyone trading this stock could wake up one morning and find SDLI down 100 pts or more. I plan on unwinding my SDLI position tomorrow and switching back to JDSU. With JDSU down at $106, there was minimal risk in holding SDLI since you could possibly justify a SDLI stand alone price of $360. With JDSU at $125 and poised to go higher, I'm not willing to take on the additional risk of holding SDLI just for another 12%.