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Technology Stocks : JDS Uniphase (JDSU)
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To: Stocker who wrote (16305)1/10/2001 3:25:57 PM
From: pat mudge  Read Replies (1) of 24042
 
no need to correct you but I don't think the market really cares about the differences between the co's at this point. Problems at CSCO equate to problems with the whole world in a lot of traders' minds.
Somebody silent farts in an elevator, you presume everybody guilty even though there is only one culprit. The innocents can only hope they aren't fingered.



This may be the case with JoeBlow on some trading desk in Backwater USA, but Wall Street brokers/traders are a whole lot smarter than you're giving them credit for. The writing's been on the wall for well over 6 to 9 months and those I talk to have been hoping Cisco wouldn't slide too far too fast simply because they feared how it would impact the entire sector.

Pat
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