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Technology Stocks : JDS Uniphase (JDSU)
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To: minorejoy2000 who wrote (21188)8/10/2001 9:00:10 PM
From: Sam2482  Read Replies (1) of 24042
 
This action in JDSU shouldn't surprise anyone. It certainly doesn't mean the sky is falling. The NAS and JDSU will test some lows. Over 15% of JDSU's float exchanged hands in the $8.00 range and unless JDSU breaks below.. say 7.75 on large volume I am not concerned. Allot of us that got in at that price area still show a decent profit for a couple weeks (appx 8.5%). In fact I see this testing as an opportunity to make some trading profits. I cashed in some profits on NTAP and AMD in the last week and now I want to pick up some bargains. I tried to nibble on selling puts in ORCL today but didn't get filled. I'm not crazy about ORCL's P/E, P/S but I like the technical resistance in the 13.00 area. Like JDSU it has little if any debt and tons of cash. It is also a market leader.
It seems allot of fellow posters has put a certain individual on ignore. He reminds me of a fly on a window pane buzzing all around....and nobody pays attention. HEHEHE
Different views and debating the ideas are healthy and in fact without them we wouldn't have a market. Personal attacks based on gender,race,or any other irrelevant factor should not be tolerated by any thread members. If I want to read moronic posts I can go to Yahoo threads.

Good Luck to all
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