Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (87038)	6/27/2002 8:08:27 AM
From: michael97123	Read Replies (1) of 99280

Soft, Question: I know you think the decline has further to go. Lets assume for a second that even under this scenario we get a zev pop to the 1600's. Barton Biggs said that in such a pop beaten down nasdaq share would lead the way. How do you feel about that proposition. For instance, in that type of snap back rally does jdsu go from 2.40 to 6 and so on. Huge percentage gains can occur for extreme low price stocks without it changing much even in your bleak scenario. So jdsu goes to 6 in a bear rally and then nasdaq goes to 1100 and jdsu winds up at 1. See my point about the possible huge gains to be made. I have seen this happen with other low price stocks when they get so completely out of favor. Your comments appreciated. mike

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