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


To: robert b furman who wrote (22201)2/14/2002 1:08:57 PM
From: RonR  Read Replies (1) | Respond to of 24042
 
"Seems to be some bigger buyer providing strong support at the 6.37-6.38 area."

I've been watching JDSU for days now and notice that there is ongoing support levels established and these levels keep getting taken out. The easy answer here is that there are no buyers willing to pay higher prices and there are MM's willing to take pennies off the table. The support that you see is artificial and I don't see anything on the horizon that will be a catalyst to cause this stock to go up. I see us drifting down to 6.00 and hovering there until next qtr results. I don't see us going to low 5's level as back in Sept.

JMO

RonR



To: robert b furman who wrote (22201)2/15/2002 11:24:46 AM
From: Tunica Albuginea  Respond to of 24042
 
5.91...Slip sliding away.....?"Strong Buyer supporting @6.25?"....

Possibly....?strong buyer of shorts?..........
Shorting at 6.25 and covering at under 5.25 will provide a 20% return
over a relatively short period of time....1..2 ..3..months?

TA@speculating.com

Main Entry: spec·u·late
Pronunciation: 'spe-ky&-"lAt
Function: verb
Inflected Form(s): -lat·ed; -lat·ing
Etymology: Latin speculatus, past participle of speculari to spy out, examine, from specula watchtower, from specere to look, look at -- more at SPY
Date: 1599
intransitive senses
1 a : to meditate on or ponder a subject : REFLECT b : to review something idly or casually and often inconclusively
2 : to assume a business risk in hope of gain; especially : to buy or sell in expectation of profiting from market fluctuations
transitive senses
1 : to take to be true on the basis of insufficient evidence : THEORIZE <speculated that a virus caused the disease>
2 : to be curious or doubtful about : WONDER <speculates whether it will rain all vacation>