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Strategies & Market Trends : Steve's Channelling Thread

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To: Jdaasoc who wrote (6856)10/26/2000 3:29:34 PM
From: Bosco  Read Replies (2) of 30051
 
Hi John - yes, even though I am a NT shareholder, I ve to admit the irrational exuberance in FO is probably over. And indeed, when JDSU breached 105 or so, the writing is on the wall, AFA the technician is concerned.

Personally, I think it is still a reasonable business, and I don't think the problems specific to LU and the mistake committed by NT are indicative of the demise of FO anytime soon. Like shorting and short squeezing, extreme optimism is duking it out with extreme pessismism

best, Bosco
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