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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: k_maxwell who wrote (23600)	4/26/2000 11:17:00 AM
From: Mike Buckley	Read Replies (2) of 54805

k, I've got a couple of ideas that might be helpful. Or might not. :) So, since then, JDSU is up roughly 25% and QCOM is down about 43%. Never would have thunk it. Why not? Prior to that Qualcomm got a huge amount of media attention. I'm not sure of the timing of the one analyst using a $250 target price but that, combined with the mo-mo players, place a huge amount of non-fundamental power behind the stock. My point is that it rose so high on somewhat artificial reasoning that it should not be a big surprise that it fell while JDSU rose. I just can't see [QCOM and JDSU] continuing this divergent trend. Both companies' core products are in a tornado. Over the medium term of a couple years I agree. Paying attention to anything less than that assuming fundamentals remain reasonably unchanged, I'd ignore the short-term comparisons of their stock action. --Mike Buckley

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