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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (19396)3/12/2001 7:24:52 PM
From: larry  Read Replies (3) of 24042
 
t2,

You can safely buy the tech or QQQ when NAZ is down another 100 points or so for a quick bounce toward 2000. There is no way that the dead cat bounce won't materialize when we first penetrate 2k. Along with the coming rate cut and another questionable Abby table pounding (Has she bought anything tech and removed all her $$$ from money market fund as she suggested that we investors do?), and short covering should send the index up 10% at least. But I will sell everything when we approach 2k and I think we will tank toward 1500 after the rate cut next week if the PPI and CPI numbers are bad. BTW, I think that with CSCO making something like 30 cents for the next 4 quarters (excluding the stock market gains bullshit), the issue will look awefully expensive at $14 (my target price). It will take the issue 3-5 years or longer to get back to 41 cents it made in the last 4 quarters. INTC also looks very much in danger. The issue, historically traded at around PE 20, will spot a PE of 25 even if it dips to $20 (I am confident that they won't make more than 80 cents in the next 4 quarters). Anyway investors with common sense should avoid it unless it goes down to $15, where some value can be found.


This sure looks like a new economy depression too me. However, it's very likely going to spill over to old economy and DOW at 8000 is very very likely. I have seen several models predicting a DOW 5-6k within 3 years and Nasdaq 500 when everything bottoms out. I don't think that it will happen. But a NAZ 1500 is as likely as another round of table pounding from AFC.

Quick in and quick out is the only way to make $$ in this market. I am all $$ now and only play dead cat bounce on a daily basis.
larry!
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