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Technology Stocks : JDS Uniphase (JDSU)

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To: Boplicity who wrote (8192)3/31/2000 12:15:00 PM
From: t2  Read Replies (1) of 24042
 
I might be talking bearish, but I'm talking out the side of my mouth, since I just bought SDLI. <g> Making baby steps, into a sector that I know will recover, once the selling stops, and it will but I have no idea when

I think you made a good buy. There is a lot of bearishness out there. That indicator has not failed yet. Unless the bull market is coming to an end, I don't think it will fail this time. The only sector I would still not touch is the internet--B2C and B2B. To me that is where there is more risk. If the nets trade sideways or only slightly down from this point--- I would bet the optical stocks will go up in the near term. To me the rest of tech will rally and maybe even the nets can join in.

The one thing that would really surprise me is a big selloff at the end of the day. I cannot see it. What would really shock me is if it sells off on Monday as well. Again I see that as a near impossibility.
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