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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (1740)	6/25/2001 5:59:37 PM
From: John Curtis	Read Replies (2) \| Respond to of 3294

KG4, et.al.: I'd say there's no way that FO, over the long haul, can fail. It's the way everything is going in the telecom sector (read here IP/Voice and all those other broadband applications only now getting started). However, over the short haul industry wide TA makes it clear; the market has taken everything out behind the barn and....shot them all dead between the eyes. Not only that, they're stomping on the bodies as they lay stiffening. ;-) Even so, that same TA, along with close following of the JDSU via L2, has the appearance of starting to turn a corner. Block size buy/sell ratios seem to be swinging towards the buy side. MACD appears to have stabilized (although it could look better), and stochastics indicate a way over-sold condition. But we need to see a time of sideways movement before this can all be confirmed. Meanwhile, I, meself, have been trading JDSU for all she's worth intraday, ever since it broke briefly below $10. Here in the past couple of days a large part of the activity seems to be coming via ECN portals like REDI, ARCA, INCA and ISLD. And the faceless ones behind those portals have been running and gunning like nobodies business. They'll spend a time hammering the sell side down and then, real sudden like, run around to the buy side and do exactly the same thing for a time thus shoving the equity upwards. Based on this my gut says consolidation along with the big boys/girls of the market game "adjusting" their positions. The end result? What you saw today and Friday. Pretty much up, and down, and up, and down, and all around sideways, ending the day pretty much where it started, plus or minus some miniscule percentage. So, all this volume and volatility could be signaling JDSU is now searching for a bottom. Consolidating, if you will. This is okay by me because as long as it stays this volatile and I stay lucky on hitting it on the right side of its intraday swings....well....profit is profit, eh? But even if you don't trade it, given the longer term perspective on where this industry is going....JDSU still looks to be a survivor and is worth close monitoring down here at its current valuation. Now let's see what happens tomorrow..... John~