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Technology Stocks : JDS Uniphase (JDSU)
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To: SJS who wrote (15817)1/4/2001 11:56:05 AM
From: sam  Read Replies (1) of 24042
 
Steve: You clearly articulated the smart bear case. A barrage of earnings warnings and an inevitable double bottom -- reasons they're still heavily shorting. I agree to some extent with that thesis. The economic slowdown will hit many companies even more than previously disclosed. Lies will continue to rear their ugly heads. No question about it. But I do think they will be massively covering into whatever retest is engineered. That, imo, is the time to buy and hold the "winners;" JDSU being at the front of that list. Till then mostly swing trading for me -- meaning buy the weakness and sell the strength. And no chasing. The bear is dead. He just doesn't know it yet. ;)

jmho
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