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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)
OCLR 8.2600.0%Dec 10 4:00 PM EST

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To: Techplayer who wrote (1030)11/17/2000 1:47:25 PM
From: Raymond Duray  Read Replies (1) of 2293
 
Hi tp,

In a bull market, stocks move up in spite of bad news. In a bear, this reverses. Goldilocks has headed for the hills. We've seen baby bear in April, we're seeing mama bear now, and after this election comes out of the bush, we'll see papa bear tear the cabin apart.

Last week some here thought I was being unduly glum. I was not. I was hoping to let others see what I do. And take appropriate action. For longs, maybe some judicious derivative hedging. For the timids, like me, maybe the sidelines. For the aggressive speculator, the short side of the street looks better and better to my eyes.

Le Faineant Qui Voit
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