Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (1891)	11/9/1999 11:25:00 PM
From: Guy Gordon	Respond to of 24042

No argument from me on that point. There will be lots of buyers on the dips. I'll be one of them. I'm just saying that there will be dips. I expect this one to continue until the stock and the 26-day MA meet. I can't tell you exactly where that will be, since the MA is moving up to meet the stock. As for where the stock will be by the end of the year, I couldn't guess. You could easily extend my trading channel to then, but that won't tell you where in the channel the stock will be. Anyway, I don't need a year-end prediction. All I need is for JDSU to stay within that channel. So long as it does, I'll add to my position near the bottom, and "sell" at the top. ("Sell" via options. I have no intention of actually selling any shares until JDSU falls out of the channel.)