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Technology Stocks : JDS Uniphase (JDSU)

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To: Jon Koplik who wrote (5811)2/1/2000 12:07:00 PM
From: Hank Stamper  Read Replies (1) of 24042
 
"I was hoping to get some input, thoughts, opinions ... because I hope to be back in JDSU at some point in the future. "

I rode JDSU from a p/e of 27 to its current level. I sold all a couple of weeks ago somewhat below the high. My reasons for selling include: a stock with a p/e of 200 requires perfection in everything and everything is not perfect in the overall economy/Fed policy. I like you will be back in at some point in the future when, presumably, the p/e will be closer to the historical norms for such fast growing companies.

Ciao,
David Todtman
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