JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Chris O'Connor who wrote (8777)	4/13/2000 8:44:00 PM
From: t2	Read Replies (1) of 24042

Chris, Nice post. The current market is only a problem for people who are looking at the very short term (ie 1 or 2 weeks out). We could get a big drop tomorrow AM and finally rally at the end of the day. I was surprised by the selling late today. At least the indicators are very bearish ie. high put/call ratio. That is definately another good sign. Given this background of bearishness, one would think that the selling is almost over. I am expecting some strategists to reallocate their portfolios in the short term, buying more tech. Would not be surprised even if Abby Cohen comes out tomorrow or Monday and say that the techs are undervalued. Can't you just sense such a statement is around the corner. If the Nas was fairly valued at around 4900, it is way undervalued at 3600.

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