Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: robin 187 who wrote (11828)	7/25/2000 6:09:55 PM
From: Warren Gates	Respond to of 24042

So far JDSU has traded 78, 64, 64, 41 Million shares or about 247 M shares. 20M is the average so 167 M above average. Since Nasdaq counts shares 2x, 83M have been bought. Some of these may have already been committed for the S&P funds by more adventurous brokers. Traders have been accumulating and more importantly market makers have been accumulating. The stock has averaged about $130 during the past 4 sessions so I would bet this would be a good floor for tomorrow. The brokers that have started accumulating shares for the funds may have been hedging with some SDLI. THis may account for the spread widening. They know the arbs will be back so they have to make their money tomorrow before the spread narrows again. The last couple of hours will probably be unbelievable so market makers don't want to be left short but also don't want to be left with more than they can chew. The NT report surely helps a lot. The market makers may not be able to hold the JDSU horse much longer.