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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (18060)2/8/2001 1:30:32 PM
From: Tunica Albuginea  Read Replies (1) of 24042
 
t2 PE is meaningless now. Raymond Bloch from Raymond James
and John Bollinger both said that

" you buy stocks when their PE is high, which is when their
profits are down and price is high,at the bottom of the
cycle,

and

you sell them at the top of the cycle, when their earnings
are highest and thus have a lower PE."

Having said that, let us also add that

JDSU's PE corrected to the point where S & P put it in it's Value Index

We really DON'T KNOW what JDSU's new PE is: We'll know Monday.

I bet you it will be even higher.

An rumors about slowdowns etc today, " from a big house "
should be placed in the same trash can you should
have placed their buy recommendations when JDSU was at $130/sh

TA
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