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Technology Stocks : JDS Uniphase (JDSU)

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To: Nikole Wollerstein who wrote (13723)	10/30/2000 9:22:00 AM
From: Hank Stamper	Read Replies (1) of 24042

Nikita, You wrote: "What market are you talking about?.... Buy on dip worked very well so far with High Tech. " I wrote 'the general market condition.' That includes the Naz, DJIA, and S&P500. What has happened in the overall market happened with greater variance in "High Tech." Now, which dip in the following Nasdog chart was a good place to buy? bigcharts.com To those who may think that high tech is the wave of the future and these stocks will always be leaders, I suggest that history has not treated that thesis well. To wit: the rail road stocks after the US civil war, radio stocks in the 20s and computer stocks in the late 60s. During the 80s, consumer stocks such as Coke were all the rage, often bid to beyond-the-norm P/Es. These things go in crazes. Right now I think I will re-deploy most of my cash in Hi-Tech sometime in the future; but I would not be surprised if some other sector takes over leadership to pull us out of the bear market bottom. How about rail road stocks? <g> Ciao, David Todtman

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