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

To: Wyätt Gwyön who wrote (11916)	7/26/2000 10:37:57 AM
From: Nick	Respond to of 24042

more from realmoney.com: Don Luskin JDS Uniphase follies 7/26/00 10:10 AM ET JDSU is trading higher this morning -- ahead of its inclusion in the S&P 500 at the close, and its earnings report right after the close. There has been a lot of speculation that the indexers and their brokers have already loaded up on all the JDSU they will need, so the close won't be very dramatic on the upside (or may even be lower). The evidence is the enormous volume over the last week since the S&P add announcement. I don't buy this interpretation. Indexers (and their brokers) can't take the risk of holding a volatilte stock like JDSU for that long. All that volume is speculation by traders. Their presence adds to the risk equation for the indexers and their brokers, which makes it all the more imperative for them to control the trade. That means controlling the close, and you can only do that if you've got bullets left in the gun at the close. I predict lots of swings today -- it will probably read negative at some point. But I do think the close will be strong.