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Technology Stocks : JDS Uniphase (JDSU)
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To: SJS who wrote (9011)4/16/2000 10:30:00 PM
From: t2  Read Replies (3) of 24042
 
Steve, Japan index has not fallen like the Nasdaq. It is playing catch up just as Europe will. Of course we are likely to get a down open tomorrow but after that it is hard to say. Even Japan could make a comeback from the lows of the session, just as the Nasdaq did on Friday.

Much depends upon what the major brokerage analysts plan for this week. Abbey Cohen could easily turn around the market with one comment.

Right now it is going down on momentum. Companies can make statement such as what IBM did in October 98 when it announced a stock buyback at 10 am after the day of the big drop. That changed everything and we had a huge rally. Remember it is not just sellers of stock, it is also short sellers. Swings in momentum can be huge.

It will be interesting.
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