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

To: sommovigo who wrote (12475)8/31/2000 8:23:22 PM
From: t2  Read Replies (2) | Respond to of 24042
 
Could this be the beginning of a massive short covering rally in JDSU. Up until now, there has been no reason to cover as the stock has not really moved much.
However, with a Nasdaq on the upswing, a short position in a big Nasdaq100 stock is risky. That may convince the shorts to close out their positions (not including the ARB players on the JDSU/SDLI deal) in both SDLI and JDSU.

The position increased last month in a big way in JDSU and also increased in SDLI. (per August report on nasdaqtrader.com)

Stock is looking really good right about now. The move today was a breakout of sorts, IMHO. The stock had big percentage gains along with the return of some decent volume.



To: sommovigo who wrote (12475)8/31/2000 9:46:32 PM
From: Boplicity  Read Replies (1) | Respond to of 24042
 
He's a broker. ROFLMAO. that takes the cake. he must being losing accounts left and right. more likely he is bipolar in need of a bear fix to balance out all the bullishness he dishes daily in his real life to sell product.

Greg


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