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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (19982)4/7/2001 4:47:09 PM
From: larry  Read Replies (1) of 24042
 
t2,

EMC is likely my future #1 holding. SUNW, ORCL, and arguably TXN will be my second tier play. But I am not a buyer now. Market might rally in the next several weeks, but eventually it has to come down. I will begin to accumulate in the next leg down when NAZ is in the 1400-1500 range.

I don't want to buy too much QQQ because I don't like its king. Too many fund managers I know (who are not short the market) believe that Mr. Softie deserves to be in the low 30s.

Random musing: So Wall Street finally decided that it's time to kill the amateurish shorts, who were likely frustrated longs who just found out that it's possible to make $$$ when the market going down in the last several weeks. By killing these shorts, Wall Street effectively eliminated a significant portion of investors that should add fuels when the market finally rallies.

larry!
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