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Technology Stocks : JDS Uniphase (JDSU)

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To: JakeStraw who wrote (19763)3/28/2001 10:15:38 AM
From: larry  Read Replies (1) of 24042
 
You are absolutely right. I just don't see a bottom when so many bulls or at least, opportunists here are expecting a double or triple within the next year or so and all them long term investors.

You can deny all you what but the bottom line is that earning sucks and it is worsed by the stock market performance because so many high flyers boosted their bottom line growth by more than 50% by a variety of ways of using stock options and stock market gains......and CSCO is just one of those that are really masters of the game. However, when the game turns around, they will be the ones that are screxed the hardest.

I was expecting at least a sucker rally that will take NAZ back to 2k and DOW over 10k. Long term, the march toward FINAL FOURteen hundred on NAZ will continue and DOW should bottom out around 7k. The more people that get sucked in at various stages of fake rally, the more resistance it will be when the thing turns around and bulls try to stage rallies.

CRISCO is very close to my target price of 14...I am not sure whether it will be good buy at 14 because it's still too pricey. Same goes with JDSU. I will touch SUNW and ORCL at around 12 (it will get there). INTC still looks ridiculously over priced and can lose 50% from here if not for a DOW component. AND what is MSFT doing here? A mutual fund trading at 30+ P/E?

larry
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