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

To: Jim Willie CB who wrote (10630)	10/31/2000 8:55:21 PM
From: solihull	Read Replies (1) \| Respond to of 65232

"JDS Uniphase (JDSU – 81-3/8) This technology bellwether has had a rough go of late, dropping nearly 38 percent from its intraday high of 128 on August 22. JDSU's decline has been steady, contained by the tandem of its downtrending 10-day and 20-day moving averages. "On the options front today, call speculators have been active. In fact, the out-of-the-money November 85 call is one of the most-active options on the PHLX with over 2,800 contracts traded. Most of the volume crossed the tape soon after the open today at the ask price, indicating possible purchases. However, with open interest of over 8,600 contracts, a speculator may have been covering a short position. In either case, it appears that the buyer is calling a short-term bottom for JDSU."