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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (18396)	2/13/2001 12:56:32 PM
From: Tunica Albuginea	of 24042

t2, I think JDSU will respond very well today to Greenspan's speech. I believe " the stars are lined up in the right direction " for JDSU today: -Rebalancing of S & P , large volume and Institutional buying today -Large number of puts that they are trying to let expire worthless at > 42.5 as well as possibly 45. -Large Put to call ratio for JDSU. -My stochastics and MACD are turning positive. - A powerful speech by Greenie who finally understood that his previous speeches had been misquoted by the liberal media and today made it very clear: " From a strictly Economic viewpoint, tax cuts are better than increasing expenditures..." And he said again and again to repeated questions of... " well should we wait to enact it ...so we can be sure it is needed yada yada... He said: " Recessions most of the time are short... However for reasons we don't know, sometimes they can be protracted and linger on.At the same time , enacting tax cuts is a legislative process that takes a long time. Now the probability of recession is quite low now, but just in case, if you are going to develop a tax cut as " an Insurance policy " against it , then it is better to develop it sooner than later ". So he is for retroactive tax cuts as an insurance against the low probability of a recession. PS: He also pooh poohed Schumer's (D) remark: " Are we going to get into the deficits caused by tax cuts of the 80's ( ie, " Reagan's " ). He clearly pointed out the reason for those deficits: He said:" Senator, we had those deficits because spending exceeded the tax cuts." The frosting: Question:"Is it possible you could lower rates sooner than march 20 if needed?" He said:" Senator we always have that option " He also said:" I am satisfied that the productivity gains are real and that that will off set any potential decrease of the surplus through tax cuts. Capital s stock " [read JDSU here ] has been very impressive on predicatbly inreasing returns o investment, as opposed to spending on other non-productive items ". TA

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