Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: wlheatmoon who wrote (29156)	4/18/2000 2:20:00 PM
From: John Pitera	Read Replies (1) of 63513

Mike, it's easy to explain the weakness in JDSU and QCOM today. take a look at the market caps of those 2, then look at the PE's Portfolio managers are buying the other higher quality names that have lower PE's, due to this them of buy earnings and PE's matter, somewhat. some undoubtedly lightened up on those 2 to rotate to more extremely oversold names that are rebounding 20% today. It's normal and shouldn't mean much unless it continues for days. tomorrow or the next day PM's will say well what hasn't rally much in the past 2 days, of my old friends..... etc. the week is over on thursday afternoon. so this alters an awful lot of the options expiration mechanisms. John

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