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To: KevinMark who wrote (4547)10/26/2000 10:54:02 AM
From: mike machi  Read Replies (2) | Respond to of 8046
 
Dont know Kevin if its margin selling (yet).

I sold JDSU this morning after buying it late yesterday for a profit. I then entered another trade on JDSU and VRTA and quickly turned around and sold. This I did as the Nas was going higher. I dont see margin selling., but what I do see is a huge amount of short interest., more than I have ever seen. I saw a post the other day and I will try to find it.

25 million shares so far traded in JDSU in an hour.

With the JDSU earnings report looming and at this point in the day it doesen`t look good for going higher , if they find 1 speck of dirt in the earnings report, friday will be hell for many longs. IMO

Mike

Mike



To: KevinMark who wrote (4547)10/26/2000 12:46:20 PM
From: mike machi  Read Replies (1) | Respond to of 8046
 
~At last count, which was at the end of September, margin debt had edged higher again by $US3.2 billion to $US250.8 billion ($475 billion) - just 10 per cent down on the peak of margin debt in March at $US278.5 billion~

smh.com.au