JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: pat mudge who wrote (10499)	5/25/2000 9:23:00 AM
From: Boplicity	Read Replies (4) of 24042

The stock is starting to act better believe it or not, not dropping as hard and coming right back from the 70's each time. If KK didn't resign I'm sure JDSU would of not drop into the 70's. But we need signs of a slowing economy so the fed goes away. Also, CSCO still sports an outrageous PE. So I see this rally as a relief rally nothing more. 93 is the first resistance area, we are still in the down trend that started in March unless we break through that on increasing vol. We all know JDSU and optical sector is going strong, it's matter of the market coming to terms with the drop and finding a comfortable level of valuation. Greg

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