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Technology Stocks : JDS Uniphase (JDSU)

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To: Boplicity who wrote (2813)12/10/1999 4:24:00 PM
From: Hank Stamper   of 24042
 
Gregory,

You express some of my thoughts too.
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I think we have to keep in mind that when a company has very good future prospects and valuations are more in line with historical norms then, we often see the stock 'climb a wall of worry.' But, JDS and a number of other high flyers are not in line with historical norms but are 'priced for perfection.' In this condition, any little blemish, no matter how inconsequential can set the herd stampeeding for the exit or at least going out to the concession stand for some popcorn.

Ciao,
David Todtman
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