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Technology Stocks : JDS Uniphase (JDSU)
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To: Jill who wrote (9193)4/18/2000 9:22:00 PM
From: t2  Read Replies (1) of 24042
 
Jill, In general I find that sometimes the technical analysts and other bears on TV can convince people of where the market is headed. Some traders and well as mutual funds utililize this information to get in at lower prices and sometimes it works.

When I saw the Naz turn negative last Thursday near the close, I was dumping some of my positions. I almost believed them. Then i went back to October 98 to January 99, which is probably was my most successful trading period. They were just so bearish back then. This time they were just as bad. Even the bulls, like Brian Finerty, were sending out cautious statements even after significant declines. On the weekend they were talking about buying mid Week---letting Monday and Tuesday to see the end of the selling. To me that meant were headed up Monday or at least had a good chance of doing so.

Then I decided I had to stick to the strategy that worked well in the past and make a little extra with some call options.

JDSU is not a good options play for me but it is excellent as a stock going into the earnings next week. I am transisitioning from companies reporting this week to the ones that report next week---using the sell ahead of the news approach. I am really looking forward to next week's reports as that is where my interest is. GLW, NT, JDSU should really be moving by then.
(I am keeping my core positions in everything)

I am hoping for a day or 2 of sideways action so that we can rev up for next week. however, i think we will be higher by the end of the week.
Remember the people that are supposed to be buying mid week after the dust settled as they were advised by most analysts and reporters. <g> That might do it.

I hope things are working out for you and hope people did not suffer too much in the declines.

good luck
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