JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Master (Hijacked) who wrote (10153)	5/10/2000 7:34:00 PM
From: t2	Read Replies (1) of 24042

It will be the PPI, CPI, and same store retail sales that will determine the direction of the market, IMHO. I don't think the FED moves will be as important. If the economic reports as no worse than expected, we should be OK going forward. 25 or 50 basis points won't matter then. My feeling is that there is some forced selling out there. Still could be hedge fund problems. Otherwise, I cannot imagine so much selling in under such bearish sentiment. A mutual fund would not unload at these prices. I just think it is either the retail traders and hedge funds shorting OR MORE LIKELY a hedge fund being forced to sell out. I don't believe the individual investors are being hit with margin calls as they were back in early April. The big caps going down sure seems like someone has a need for cash.. and fast! We could in the process of another shakeout that I hope is over in the coming day or two.

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