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Technology Stocks : JDS Uniphase (JDSU)

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To: Ellen who wrote (13329)10/26/2000 5:04:23 PM
From: Skeeter Bug  Read Replies (1) of 24042
 
ellen, part of the problem is that fundamentals haven't driven these stocks to these levels. i remember a qcom analyst that changed his target 3 or 4 times in 2 weeks b/c his year out target was surpassed so quickly. eventually, he just said "it's a buy, i have no target."

growth rates have been slowing tremendously while multiples have been exploding (until recently).

a long time ago i asked why no good analysis was available. the answer is that good analysis CAN'T exist in a bubble market, by its very definition! to those with eyes, this is a bubble market. to those w/o eyes, history and a small net worth will have shown this to be a bubble.

it is better to end up wrong by going w/ the crowd than to risk going against the crowd - even if that is how you believe. that is the wall street empty suit mantra. anyway, their time is preoccupied spending all their bubble money.
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