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Technology Stocks : UNPH _ Uniphase -- Ignore unavailable to you. Want to Upgrade?

To: Paul Casi who wrote (799)	3/25/1998 12:32:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 1261

UNPH has sharply rallied to the 45+ level once each month since the November 2:1 split only to retreat just as quickly, finding support in the 36-38 range. The current rally marks the 5th attempt, and the 2nd this month (a first) to break out of the current trading range. Normally 3 or 4 attempts in about an 8 week period is enuff to get the job done. I'm hoping this trip up is the one that gets us over the hump. I'd hate to see us lose momentum again. I'm sure we hit lots of limit sells this AM at 44. Next few points will be difficult but after that resistance may dissipate and 45 may become strong support. ....ed

To: Paul Casi who wrote (799)	3/31/1998 6:50:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 1261

Well Paul i found my own answers ...... as you remarked the other day... "Action ...Similar with Cien--these two stocks are working hand-in-hand due to their relationship." CIEN's price range today was 42 to 46, closing on its low - sound familiar? it seems contract announcement with Bell Atlantic sent most business to LU, TLAB and DIGI - CIEN's contract for DWDM was peanuts... intraday shows CIEN fell apart about a half hour before UNPH! same precipitous decline on similar relative heavy volume... additional factor ---- could it be fund managers end-of-quarter window dressing? is it over or are going to see more carnage ahead?//ed