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Technology Stocks : JDS Uniphase (JDSU)

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To: larry who wrote (19432)3/14/2001 9:34:07 AM
From: Tunica Albuginea  Read Replies (1) of 24042
 
larry, I think we've bottomed out for now. I think we bottomed
out Mon at between 3 and 4 PM and we will retest this AM
and I agree we will come back.
Everybody was looking at Naz 1800-1900 but it is difficult to
be so precise. And also everybody can't get in at
the same time at 1800-1900 , which is why people jumped the gun yesterday at 1950.Let em have the last 50 points.

We've had a long drawn recession. Difficult to see
" a washout ", like in the past because of trading collars.
I think we've had since April 2000.We've had a washout as
far as I am concerned. PEs are of relative importance.
Early on in a recovery they are going to be high because
of low earnings.That is when you buy. Later , PEs come down
as earnings go up.That is when you sell, in cyclicals which is what
IT is these days in some ways.

I am optimistic because of
-surplus
-balanced budget
-Bush will cut fat and spending
-powerful technology
-a great country
-no recession in sight per Merrill and I agree:
look around: everybody is working
-we are at the early stages of a powerful optical and IT
revolution and we are the leaders.
-Bush will control Health care.For example no need
to "lock " " Gazillions....600+ bill.," for " Medicare "
for the future. A lot of that is to pay for expensive
funerals. Stop it.
-no need for drug plan except for needy.
-Time to sell the Dow & oil and buy the Nasdaq,
IMHO

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