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Technology Stocks : JDS Uniphase (JDSU)

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To: freeus who wrote (10564)5/26/2000 10:03:00 AM
From: Hank Stamper  Read Replies (3) of 24042
 
"However, people (even institutions are run by people) buy and sell stocks and right now:
the psychology is bear"

I am not so sure the "psychology is bear." SI is still papered with a 'buy the dip' mentality. True, there is fretfulness, but you just don't see agressive counter-responses to someone who enters and says, "I'm jumping in to buy this dip today."

When we were at the (putative) market topping zone, someone posting in this thread that they sold was likely to be met with hefty disagreement and some of the disagreement was in the form of personal attacks! If we take the reverse of this, we then should expect bear psychology to be in full force when someone anouncing s/he is buying the dip is met with statements like, "Oh you idiot. Don't you know that stocks will never come back...." or some transform of that.

That sort of reaction seems so far fetched right now. But then so did this drop just a few short months ago.

Don't fire at the bear until you see the whites of his eyes. (Actually, I used to live in bear country. It can get very interesting when you've got to go visit the outhouse and first have to contend with Mr. Ursa sniffing at your door. In the Fall bear poop smells like fruit bars because the critters have been eating so many berries.)

Ciao,
David Todtman
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