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Technology Stocks : JDS Uniphase (JDSU)
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To: Kayaker who wrote (1379)10/25/1999 1:27:00 AM
From: t2  Read Replies (1) of 24042
 
Bob, Good point about the interest rate fears. However one thing i would point out is that October is not only the fear month but it is also considered the buying opportunity. As we have not crashed and money has been accumulating on the sidelines, there could be a rush to get it working. There is only one week left in the month and no disaster. The money will flow in rapidly into stocks as the mutual funds start reducing their cash positions or at least stop raising cash. Either one will be positive considering that is a lot more to come in from nervous investors.
In addition, this appears to be one of the hottest sectors right now.
Okay, i am revising my numbers to at least 140 by close tomorrow and 150 before earning release.
Beyond earnings, i won't guess as there could be profit taking or a huge run up---who knows what will happen on Friday.

As for SDLI---i hope it breaks past 100 tomorrow. Not willing to guess what happens Tuesday or after earnings.

Good Luck all.
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