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Technology Stocks : JDS Uniphase (JDSU)

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To: Hank Stamper who wrote (5500)1/28/2000 11:52:00 AM
From: t2  Read Replies (2) of 24042
 
David, I am watching stocks like QCOM that have a big cult following. It seems that one has held 110. I was about to jump in but decided to wait. Trying to get a feel for what is happening with it.

I am encouraged by the Intel/MSFT/Cisco type of stock today. They are holding up. If they have bottomed, i think JDSU can start its reversal.

Also noticed Nokia is up--going into earnings next week.

Maybe we just have a lot of people that like to get out of a stock during a news vacuum like February. That would be temporary because they will want to ride the momentum into next earnings.
The question really is how much near term damage can there be. I definately did not expect this much.
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