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Technology Stocks : JDS Uniphase (JDSU)
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To: JustTradeEm who wrote (17318)1/27/2001 8:55:58 PM
From: Kayaker  Read Replies (2) of 24042
 
Fed Funds futures already reflect a 98% probability of a 50 bp cut on Wednesday. How the market reacts, only TA would guarantee in advance. What if we only get 25 bp a short term selloff could be in the cards. If 50 bp is already priced in, we could see a shortterm selloff on the news. Technically, the JDSU chart could easily turn down again next week.

I'm amazed at the 50 bp consensus. My little pea brain thinks we'll only get ¼. Suits me fine; I have some cash to put to work in the resulting selloff.

PS. Good advice to Luther re margin; hope you're ignoring Mr. Penis Part.
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