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Technology Stocks : JDS Uniphase (JDSU)

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To: Eski who wrote (8072)3/29/2000 5:41:00 PM
From: SJS  Read Replies (4) of 24042
 
T2,

I lighten my JDSU position at 128 last week. I sold ETEK at 246 the week before.

Having been in JDSU for as long as I have, all those splits created a very overweighted optical segment in an otherwise balanced portfolio.

I needed to take some profits and diversify (that means go back to cash!).

Right now, cash is king. However, there are some bargains about to happen on the horizon. We need a couple of hundred points on the NAZ, at least for the first steps at capitulation.

Technically, if we crack and stay below 4500.......we go to nearer to 4000.

OWCH!

Steve
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