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Strategies & Market Trends : Rande Is . . . HOME

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To: GREENLAW4-7 who wrote (39430)10/25/2000 12:18:47 AM
From: edkaiser  Read Replies (2) of 57584
 
G4-7, are you sure tomorrow is the time to start buying? Consider ...

Earlier today you were predicting QQQ at 70 by Friday. We probably will not open within 10% of that tomorrow.

You also predicted a 10% to 20% decline in Nasdaq in our future. I agree with you, and I think tonight was the beginning of that next leg down. NT merely provided the excuse to start it.
It will take at least a couple of days for this leg to play out.

Too many people are talking about going out and buying the dip tomorrow.

NT might end up having nothing to do with JDSU or CSCO, but it will make everyone spend the next two days worrying about JDSU, and the next two weeks worrying about CSCO. That's not good for anyone.

Finally, it seems to me that the question of whether any fiberoptic stock hits bottom tomorrow will be determined almost 100% by JDSU's earnings report on Thursday. So the big question to me is, how much faith do you have in JDSU?

Regards and Good Luck.
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