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Technology Stocks : Full Disclosure Trading

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To: Jacob Snyder who wrote (173)	4/12/2002 2:25:54 PM
From: Sam Citron	Read Replies (2) of 13403

maybe the air is, finally, out of it Springtime is more commonly associated with tech stock tops than with bottoms (probably conference season related). The momentum crowd departed JDSU long ago. The value crowd may be mulling it over, but no solid evidence of accumulation there yet and institutions have to consider junk perception when they buy <$5 stocks. And the weak hands will get out when their accountants direct them to do so in the fall. I notice that the biggest institution is Barclays (huge indexer and creator of derivative ETFs) which owns 46 million shares. lionshares.com Vanguard is #5, another big indexer. You gotta worry about the selling pressure if/when they take JDSU out of the S&P 500 and NAZ 100. Even if they keep it in, the rebalancing will reinforce negative momentum. In short, I think you are early, Jacob. Current owners are close to puking. Just be patient. It is unseemly for the physician to arrive too early. <g> Sam

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