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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (3486)12/29/1999 4:54:00 PM
From: Bruce Brown  Read Replies (3) of 24042
 
What if we get a QCOM type of upgrade on JDSU (or increase in price target)? I bet the stock will rocket. As pointed out earlier by Downsouth (i think), a lot of the Q investors have JDSU as their second largest holdings.

If a major brokerage comes out with a big price target, this stock will go to the moon.

Pretty much happened yesterday when Gruntal set a price target of $590 for JDSU - which was about double the price from when the price target was upped. Since Qualcomm was at $500 when the Paine Webber analyst announced his $1000 target which was double from the current price at 'announcement' time - the two are the same call.

Neither price target really went out on a limb. Both were done a day before the stocks were splitting after the markets. Both were done at the end of the year when all the funds are buying the 'hot' stocks to show in their annual reports to shareholders. Both were done during portfolio rebalancing season after tax loss selling was about completed. Both were done in the Christmas Rally time frame. Now 'out on a limb' calls in my opinion.

However, Qualcomm's share price seemed to react a little more postively (just went by at $698 on the after market ticker). That's up $196 for a 12 month price target increase of $500. Hmmmmmmm.....40% of the way to that price target in one day. Maybe he should have gone out on a limb and said $2000 to keep in the spirit of Y2K....

BB
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