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Technology Stocks : JDS Uniphase (JDSU)
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To: Kent Rattey who wrote ()4/28/2000 2:31:00 PM
From: djia101362  Read Replies (2) of 24042
 
I've been saying this for the past week...the rally in the DOW has run its course. Over the next few weeks, money will be rotating back into tech at an increasing pace.

Although there is not as much money in the market as there was a month ago, I think it will not make a difference because the money that is there will be chasing a much narrower band of stocks.

The dotcoms are all but dead so the money that sent those worthless POSs to dizzying heights will now have to look elsewhere.

The only downside is that I think JDSU may be even more volatile than it was before because more fast money will be coming in and out of JDSU.

We are at the opposite spectrum of a strong market that cannot rally on good economic news. A weak market that cannot go down on bad econ numbers is a market ready to start a powerful rally...at least in tech anyways.

I think the market will gradually climb into the Fed meeting and if the Jolly Green Giant only raise 1/4 pt, tech explode and could even make a run for new highs. If JGG raises 1/2 pt, we still rally but at a much slower pace. It's a win/win situation for solid tech companies now.

Nobody rings a bell at the bottom of the market so that we all know it's safe to get back in. If you've heard of "buy the rumor sell the news", well this it the opposite "sell the rumor buy the news".

RING RING all aboard.
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