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Technology Stocks : JDS Uniphase (JDSU)

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To: pat mudge who wrote (16018)1/7/2001 2:35:00 PM
From: Tunica Albuginea  Read Replies (1) of 24042
 
Pat, is JDSU at it's low? I think yes,

Looking at it from several viewpoints

1) 70% loss of market value from the high 142.

In a Bear Market, a great stock can losse up to 70% of it's value
( William O'Neill quoting CSCO's fall in 1992 Bear Market ).
JDSU has done that.
It has touched 37.5 through 42, MULTIPLE times.( 5 days by my count ).
CSCO a Leader of Networking. JDSU a Leader in Optical.

stockcharts.com

2)The P&F chart shows that that is the basic support
going back 3 years, Jan 1997.


stockcharts.com

It also shows that the stock is making higher lows

Finally , in the macro picture..

A possible Rosy Bush scenario
Message 15135372

Great positive outlook posts by Crawford
Message 15137012
Message 15137493

And finally
1. Giant short position. We had a glimpse of that last wed. with a 37% spike on JDSU.
A portent of things to come

2.
The Golden Rule:
Don't fight the Fed

cheers

TA
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