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


To: Robert New who wrote (11512)7/19/2000 10:49:58 PM
From: Peace  Respond to of 24042
 
I still disagree. If the arbs cover their short position in JDSU then they have to sell SDLI too. Remember these guys are here purely for the spread. The arb may put on another hat and buy a long position speculating on JDSU alone. In that case he is not abandoning his arb play but daytrading like so many others will be tomorrow. Believe me the big guys who do this type of arb will not be unwinding their positions on this type of news.