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

To: luther yow who wrote (18391)	2/13/2001 9:52:58 AM
From: FlameMe	Respond to of 24042

Two things should come into play today. After the bell, there is the conf. call where JDSU issues new guidance. Lots of speculation that it will be bad news. Second, S&P indexers will need 28 million additional shares of JDSU. Usually, the brokers doing the buying for the funds control the price so that it closes near the highs of the day (this makes them money through the arrangement they have with the funds). Doesn't always work that way, though. Should be interesting. ross

To: luther yow who wrote (18391)	2/13/2001 10:38:16 AM
From: t2	Read Replies (1) \| Respond to of 24042

luther, the short covering has not started yet..I agree with you. I bet the short interest actually went up in FEB in the higher PE stocks like JNPR, JDSU, CIEN etc... IMHO, that we are on the verge of a massive rally that we have not seen for a long time. It could be AMAT that changes the rally to massive or it could be Dell (and CIEN for the optical stocks). If these companies stay negative, I would bet the market goes up anyways. Many companies like Intel and Micron are saying they will continue capital spending and AMAT should be able to get a clearer outlook for their business. I had added a lot of techs yesterday and I am continue today...a balance of lower PE and higher PE.