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Technology Stocks : JDS Uniphase (JDSU)
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To: larry who wrote (19444)3/14/2001 10:58:07 PM
From: t2  Read Replies (2) of 24042
 
larry, I am looking for an explosive move up on the Naz tomorrow and right into the FED meeting. The fact that the Dow was dropping more today may be signalling the rotation from old to new economy again. The nasdaq won't get close to old highs but should easily hit 2500 in the near term (1 to 2 weeks), IMHO.

I keep asking why did the Nasdaq not tank today? The only answer I can come up with is that it has bottomed at current levels. Seen many commentators say that the Nasdaq's relative strength is a good sign. If we see a few more days with Nasdaq gains while the other parts of the market stay flat or decline, we could get a stampede back into tech, triggering massive short covering along the way.

Not ready to jump into JDSU right away but will give it serious consideration if the big caps like MSFT, INTC, DELL, CSCO types start moving up.
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