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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: DiB who wrote (9771)	10/25/2000 3:45:58 PM
From: edamo	Read Replies (1) \| Respond to of 65232

dib...."houses stocking their inventory" seems a bit odd that the "houses" (if they do exist) have unloaded 100mil + shares of jdsu, to a level that guarantees no profit on any "house" purchase of jdsu over the last year? the reality is that there exists much low cost shares of jdsu, the "houses" who own at these levels are keen to take profits....it's not over, a second selling wave will follow, prior to stabilization...much like what recently occurred in intc..... better not to stand up to the market and challenge it on a day like today....especially if you are a call buyer....if you believe there exists upside, wait for a trend reversal...technicals weak on jdsu....better play to consider is the arbitrage on sdli, if you believe the deal will go through, right now sdli would price jdsu around 60......it's very possible... unless of course overall market and geopolitical news brings forth euphoria! good luck...ed a.