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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: Kayaker who wrote (1378)12/20/2000 9:06:44 PM
From: Keith Howells  Read Replies (2) of 2293
 
It seems to me the big cap techs are always the first to turn off the bottom, although I do believe AVNX turned rather quickly once the market began to move upward. Meaning no disrespect to AVNX, I don't think I would qualify it as a rebound leader. I would feel a lot better if others, any others, had bounced a little today as well.

This CSCO thing scares the hell out of me. Do more downgrades happen tomorrow? MU blew up as did PALM after hours. Still looks bad.

As for NUFO, I have no idea about that. I looked at the chart and I'll leave it at that. Good luck with AVNX. I think I'll wait a bit more to buy.
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