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Technology Stocks : JDS Uniphase (JDSU)

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To: SJS who wrote (8799)4/13/2000 10:44:00 PM
From: N. David Lessani  Read Replies (1) of 24042
 
Dear SJS: I am sorry you became so pessimistic. Hedge funds are selling, institutions are selling and individuals are selling due to margin calls, Where does all this money go??. Believe me ,money sitting on the side line. Wall Street has sheep mentality, they all want to buy at the same time!. I understand there were huge euphoria in the market mainly. .com types and biotech. A lot on naive investors taught if they buy a humane genome company , company will make a drug which CURE cancers in 6 months. It will takes years if not decades to make drug one can use in every day medicine. There were buying hope, they were not investing.
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