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

To: pat mudge who wrote (3503)	12/30/1999 2:28:00 PM
From: Lee	Respond to of 24042

Hello Pat,..Re:.most want to wait for a new tax year to lighten up, in the new year once profit-taking begins, it'll turn on a tap that's hard to stop. First of all I'd like to thank you very much for your informative posts and news updates on JDSU and SDLI. Secondly, not only will we probably have to contend with some profit taking, but it's almost a cinch that the economic data coming out in Jan. will focus market attentions back onto interest rates. Also, the FOMC will be meeting on Feb. 1 and 2 so CNBC will be sure to dramatize all possible outcomes. Eventually, interest rates will make a difference! <g> bog.frb.fed.us Also, it seems there will be new funds to be invested, i.e. bonus checks, pension moneys, as well as those waiting to see that Y2K was a non-event financially. So for these reasons, it's unclear how much of a pullback we'll see but any pullback and consolidation would be a huge benefit in my HO. I have money also waiting for a pullback, (not Y2K fears) and am right now just holding core positions and playing OTM options.<g> Happy New Year to all, Lee

To: pat mudge who wrote (3503)	12/30/1999 2:37:00 PM
From: Tecinvestor	Read Replies (4) \| Respond to of 24042

Pat, I have some serious reservations about PaineWebber's $1000 target on QCOM, particularly the timing vis-a-vis year end and the forthcoming 4-1 split at the close today. I remember not too long ago, on October 21, 1999, PaineWebber downgraded SUNW because of fears of the "Y2K bubble effect", as a result of which SUNW took an unwarranted hit. Bottom line, I question PaineWebber's bona fides and suspect it had a private agenda when it came out with such a huge revision on QCOM. I'd be willing to bet its key clients knew of the revised target well prior to the announcement. I am more impressed with Gruntal's revised targets on JDSU than I am with PaineWebber's revised target on QCOM. JMHO. Tecinvestor

To: pat mudge who wrote (3503)	12/30/1999 3:28:00 PM
From: trouthead	Respond to of 24042

I am certainly not a pro either, but it seems with all the 401 k money and the after y2k money that will come into the market we should still be higher thru jan. After that I don't know. Will depend on earnings as people will want to see the lay of the land. I could imagine feb being very rocky and volatile as many with huge gains may have a hair trigger. jb

To: pat mudge who wrote (3503)	12/30/1999 4:20:00 PM
From: t2	Respond to of 24042

Pat, I guess we did not get our sharp move up in the stock today but i am still happy that it bounced back strongly after going down to 152+. About the tax relating selling vs. inflows: I tend to feel that the inflows will win out easily. Why? The market players (which really represent individual investors) would behave like most people would in Las Vegas casinos. Would a person leave after making $100 on blackjack and go home. NO! They will keep going back. I think the same will happen in Janaury. There may be some who want to take profits but most others will stay in and keep pumping money into the stocks--especially the winners. After all the winners are the household names not the losers especially since most individuals having started following the markets only recent years. People will have the tendency to go to the new era stocks. The ones that sell will not be able to resist returning to the blackjack table for that long. That is why i would say the money stays in. I don't even buy the story of a selloff soon after the new money stops flowing in (ie February). What will happen if there is a selloff. Some money goes into bonds---the yields drop and then stocks look attractive again. I doubt people will start putting money in savings accounts. Just my thoughts.