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Technology Stocks : JDS Uniphase (JDSU)
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To: DownSouth who wrote (2458)12/1/1999 8:57:00 PM
From: Serge Ladouceur  Read Replies (1) of 24042
 
DownSouth, neither do I see a market drop except for an healthy correction in the tech stocks after what we experienced in the last month.
On the price side, I would feel more comfortable to get in JDSU at 175 than at 225 or 250, PE ratio considered. 175 is a support and assuming a short decline or correction in the Nasdaq JDSU might very well go back there before going to new high (after all 175 is just 13 sessions away). I know it's pure speculation on my part and I rely on TA to back me up but as you say it may be dangerous, but what the heck, we wouldn't be here discussing if we didn't like the pleasure of taking risk.

"The danger is that you will pay more later than you can now."
Well I can always use stop buy order.

Right now I am invested in AOL, AAPL, WCOM, MSFT, TYC, PFE and BCE (which has a 40% stake in Nortel Networks and is way undervalued).
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