JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Master (Hijacked) who wrote (19924)	4/2/2001 11:21:57 AM
From: Tunica Albuginea	Read Replies (1) of 24042

Master, I sympathize with you but I don't think Greenie is going anywhere but staying at the Fed. By now most of his previous mistakes ( raising rates too much too soon, and lowering them too little too slowly ) , are in the process of being erased. Unsold inventory is coming down. We do not have signs of a recession.Employment is still strong. Jacques Nasser from Ford this AM said that " Ford's last Quarter was the 3rd or 4th best ever ". This is not what recessions are made off. Consumer is still optimistic and spending. With 3 big rate cuts in place and one one or 2 more on the way, we are going to take off again. JDSU downgraded to hold from Canadian Co today with a " target price of $25 , instead of $100 ". I think that just as these guys missed their estimates at $100 they will miss it now. Best for JDSU now is to slowly form a base from which to slowly rise up. I believe smart money is buying now. Several big block trades today and Fri of over 100,000 shares suggests High Tech, Growth Funds are beginning to accummulate JDSU. After they get their fill , upgrades will follow, TA

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