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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades
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To: benchpress550 who wrote (855)6/10/2001 1:18:25 PM
From: Jenna   of 1227
 
KLAC, JDSU I wouldn't be buying companies that are operating at 40% of their capacity. Is this the bottom? Bottom of what? We take our 20% profit from some of these overinflated pipedream stocks and now the same analysts who told us to buy JDSU in JULY. Jay Nakahara, managing director at investment firm Invesco, described JDS as "very cheap and very attractive".. He said JDSU would soar to 175 by year end. At that time JDSU was trading 100. On July 21, the stock tried to break out of a late stage 19 week base. INSTEAD OF RALLYING, JDSU reversed quite profoundly. By this time the tech sector was in dire straits, and poor JDSU (at the time we were short) dropped even lower than before reaching 15... and down 90% of its highs.

Why would companies start to buy equipment to up capacity when 50% of their equipment remains idle....are investors going to be dupped once again? Well, I still say wait until these stocks give you 20% profit (early April to end of May) and sell every cycle of 20% profit to make way for what comes next. Artificial pumping up the sectors helped our nice gains in April - May, now we have to face the earnings or lack of it.. for our future decisions and NOT ANALYSTS dismal upgrades.
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