JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (3500)	12/30/1999 1:56:00 PM
From: pat mudge	Read Replies (4) of 24042

I am hoping for a big close as long as the Nasdaq stays strong. Certainly the hedge funds would want to go long this market going into January and i am betting that it will only add more fuel. I wish I had your confidence. Any fears I have are not related to JDSU but to the Qualcom Phenomena. What will happen once profit-taking sets in? Will there be spill-over into other "high fliers?" My thinking goes like this: Q can't keep going forever without a pull-back, most want to wait for a new tax year to lighten up, in the new year once profit-taking begins, it'll turn on a tap that's hard to stop. BUT, once it's turned off, buying will come back and techs will level off and begin a new climb. I'm not a pro and these are just idle thoughts. The ol' fear-greed mental torment. If Q hadn't gone into outer space, I wouldn't be nearly as concerned. Welcome other opinions. Pat

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