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Technology Stocks : JDS Uniphase (JDSU)
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To: SJS who wrote (15645)12/29/2000 5:59:49 PM
From: t2  Read Replies (2) of 24042
 
Steve, any ideas where this market heads into next year? I have read Cramer talk about fund managers marking up stocks but I don't buy that entirely.
Short interest continues to increase in Nasdaq and NYSE stocks.
January 5th employment report could put a scare into the shorts ahead of the report and we see some buying.
Tax loss selling---in a manner very similiar to what happened to value stocks last year. I don't remember markup of value stocks in late December 1999.
Fed easing cycle could be the start of another bull market again---especially if things are not as bad in tech as people right now think. (expection is PC related stocks)

Positive earnings suprises (Nt, JDSU etc) and possible share repurchases by companies like INTEL could turn the market around at some point.

Looks like the momentum to the upside is difficult from this point. However, that is usually the time these things begin anyways.

Will be interesting next week. Expecting wild swings like we saw in early January 2000.
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