Greg, going down again after RSantelli/CNBC reported that
productivity might have been overestimated in the past and
so there may be " less protection " from inflationary
pressures.
Bond up to 6.71% past the magic 6.7% because of over supply.
As 4 PM approaches, if this continues, folks may not want to
be caught flat footed and everybody tries to get out the
door at the same time.
JDSU may trade at 175- 180.
Would you buy it there?
TA
Message #4357 from Gregory Mullineaux at Jan 12 2000 12:55PM
As I stated on the QCOM thread, I want more JDSU, but I want to buy it during better market conditions. Better market conditions could mean
two things. After a very large sell off, I would be a buyer, or if the market stabilized and started to move higher, I would average up. Right now I
can't tell which way it is going, it's seems to have a bias to the downside. IMHO, Last week changed market perception. Perception is
everything in the market, I feel most players are coming around to the thinking that the market will be selling down short term. We get INTC
earnings this PM, that will be a tell as was YHOO and ARBA. ETEK reported yesterday, they had a great report, as did YHOO and ARBA, but
ETEK is up after earnings, while they are down. I love stocks that go up before earnings, then continue to go higher, I see ETEK reaction as
vote of confidence in the optical sector, while YHOO and ARBA reactions as an sign of excess.. How long it takes to work off this excess, is
anyone guess.
Greg
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