JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (14460)	11/29/2000 10:13:19 PM
From: Hank Stamper	Read Replies (1) of 24042

t2, I really respect your writing. But you and I differ greatly in our opinions on this. Real pessimism has not even begun. I recall the correction bottom in 1998 and there was a lot of talk of bear market and recession every day on TV and among my friends; then, there was talk that the bottom could be nowhere in sight. Right now, the talk on TV is 'the bottom will come soon.' Also nobody is fearful of a recession. Sure there is speculation of soft vs bumpy vs hard landing but nobody is crying that the sky is falling. Another thing I think: when the true market bottom is in (not just a counter-trend rally bottom) anyone who comes into a thread like this and says s/he is going to start buying will be laughed at as a fool who is intent on major losses of equity. Just like the general response to selling near the blow-off top. I am really serious with this. I could be wrong--who really can tell what actually will happen in the future--but in every bear market bottom I've ever read about that is the way the first buyers are treated. Same as the first sellers are considered at tops. Ciao, David Todtman

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