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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Mike Buckley who wrote (23604)4/26/2000 11:29:00 AM
From: k_maxwell  Read Replies (1) of 54805
 
Mike, <<<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.>>>

True, true. I was sitting on the beach in Puerto Rico (I think it was December 28) and called in to check my stock quotes and nearly blew an entire strawberry/banana daiquiri out my nose when the soft sexy Smith Barney automated female voice told me my QCOM was up $110. The analyst who put the $250 ($1000 pre-split) target on QCOM really helped the stock get ahead of itself. I also remember as of late summer / early fall 1999, in my experience, that a lot of smaller investors I know still had never heard of JDSU. That sure has changed, with JDSU now often mentioned in broad market recap press releases as one of 4 or 5 indicia of the tech market.

It was JDSU that brought me to this excellent thread, and I'm still as bullish as ever. Kalkhoven was great on CNBC this morning, as usual. (But he DOES look like Popeye!)
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