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To: Voltaire who wrote (26609)7/25/2000 9:55:13 PM
From: zello  Read Replies (3) | Respond to of 35685
 
Tom, this guy on CNBC sure has caused a lot of speculation on the boards tonight. The argument he made is ridiculous. He stated that 130 million share of JDSU were bought over the last four days and only 52 million will be bought by the index funds tomorrow, and he assumes the 130 will all be sold tomorrow verses the 52 million that needs to be bought. If 130 million shares were bought over the last 4 days weren't 130 million shares already also sold?

It seems to me that there will be a heck of a lot of buying pressure tomorrow. I highly doubt that only the index funds will be buying. Also, JDSU reports after the bell tomorrow and they have already pre-announced better than expected earnings. The only question is how much of an upside surprise will we get. Also, with 2 billion shares authorized there is a lot of splitting potential. We have had two quarters without a split announcement. I believe we are due.

What is your take?

Z



To: Voltaire who wrote (26609)7/26/2000 8:29:50 AM
From: im a survivor  Read Replies (1) | Respond to of 35685
 
Tom,

you still think ELON is a hold ??

How bout rnwk and lpth.

I bought the elon and rnwk with the sole purpose of writing cc's. I got rnwk at $49, so if it holds, maybe I can write again for Aug if we get a little pop...on the flip side, if rnwk is heading downward, I'd rather bail now....any thoughts?

Elon - Well, I bought at 59 so now it's either sell for a big loss, hold and hopefully get a pop, or write cc's now. Problem with writing cc's now is it is $25 below my buy price. CC's at $35 or $40 leave me with huge loss if stock gets called.

LPTH - I would have figured with the sector as hot as it is we would have run form $48 - $60, instead of downtrending backwards. You still like this one for the long haul and how much downside do your angels see in it.

Hopefully the Q gets going. I'm still not too sure how this spin off is going to effect my leaps. Somebody tried explaining it to me yesterday on the q thread, but I'm not too sure I understood correctly. If anybody can give me a simple explanation as to how this new spin off effects my q leaps, I would appreciate it.

Thanks as always....hope you enjoyed your trip

keith@confusedasusual.com