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

To: Boplicity who wrote (1991)	11/12/1999 2:12:00 PM
From: Kayaker	Read Replies (3) \| Respond to of 24042

I saw over on RB that some analyst said JDSU was still a buy at these levels. So up goes the stock. Amazing. About 5 mins. ago, on CNBC, JDSU was strongly recommended by an analyst whose name I missed because I was doing 3 things at the same time. Anyway, "even at these levels and valuations" he said he is still buying$$$$$$$$$$$$$$$ --Stockmoon

To: Boplicity who wrote (1991)	11/15/1999 10:47:00 AM
From: Guy Gordon	Read Replies (2) \| Respond to of 24042

RE "got any statement about today's action?" No, not really. I'm not a day trader. And while I do look at my stock's change each day I don't read too much into any one day's direction. Day traders look for direction on the minute-to-minute time scale. I can't react that quickly. I look for trends on the month to year long scale. I'm not saying there aren't short term trends. There are trends at all time scales. I just trade on the longer ones. Short term (days to weeks) JDSU is overvalued. Medium and long term (months, quarters, & years) it's a screaming buy. Let me put it another way. You can draw a moving average based on any time scale. You could use tick-by-tick data to draw 1-minute, 5-minute, etc moving averages, and buy when one of them turns up, and sell when it turns down. What I do is follow the 26, 50, and 200-day MA's. JDSU has repeatedly bounced off the 26-day MA and moved higher. When it gets too high above that, it comes back down -- giving another buying opportunity. One day movements don't mean much in this scheme unless they break a trend.