Oclaro, Inc. (Avanex-Bookham) Message Board

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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)

OCLR 8.260

0.0%

Dec 10 4:00 PM EST

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To: Netstockfiend who wrote (761)	10/15/2000 12:17:02 PM
From: Kayaker	Read Replies (2) of 2293

I am optimistic, fully invested, and picked up AVNX at 81.25 last week, BUT, the economic numbers that came out Friday have me wondering about a sustained rally. Oil isn't helping either, though that should be temporary. dailynews.yahoo.com Analysts had expected the producer price index to rise by a more modest 0.5 percent, and the core index by 0.1 percent. 'These are horrible numbers and the real horrible number is the core rate,' said Peter Cardillo, director of research at Westfalia Investments. 'This is what the market is fearful of -- if we got this kind of hike in the PPI that means it will probably be passed on to the consumer.'

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