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

To: MileHigh who wrote (3845)	1/5/2000 7:41:00 PM
From: MileHigh	Respond to of 24042

On the message boards: No worries for JDSU Plus: BMCS disappoints By Shawn Langlois, CBS MarketWatch Last Update: 6:56 PM ET Jan 5, 2000 Commentary Section Join the discussion Either JDS Uniphase shareholders are gluttons for punishment or they truly believe their investment will be going places. After enduring two solid days of sell-offs, folks on the JDSU boards could only celebrate the stock's decline. Huh? It's called "buying opportunity," and investors in cyber-space had a one track mind throughout Wednesday's trading session. On a wickedly volatile day for the Nasdaq, the bulls were out in staunch support of JDS Uniphase (JDSU: news, msgs). On Raging Bull, Franka bubbled over: "Oh this is fun! BUYING! I picked up some more at 157 -- let's enjoy this folks." As did JackOfHearts: "When the profit taking ends, where do you think the profits are going? I'll give you a hint: it begins with a J and ends with a U." Even JHendryx came down from rocking the heavens to sing about the buying opportunity: "Can't imagine what people were thinking who sold at 153 this morning. But thank you anyway. We all loved the sale." Today on CBS MarketWatch Investors pick up blue chips Jobs is 'interim' CEO no more Macworld descends on San Francisco Gateway issues fourth-quarter warning Goldman Sachs, Morgan Stanley shares sunk by cuts More top stories... CBS MarketWatch Columns Updated: 01/05/2000 5:15:02 PM ET The same sentiment could be found over on Silicon Investor where LBStocks used his own form of technical analysis to find the turnaround point: "Confirmation of the bottom occurred ten minutes ago when I felt like throwing up. Huge buy signal. Never fails (as long as I'm close to a bathroom or trash can)." T2 chimed in with his outlook on a very bullish future: "Right now JDSU has not gotten nearly the exposure QCOM has. This exposure will really start when it becomes a member of the S&P 500. Speculation and fundamentals are going to be at work with stock! The S&P thing is just too obvious, at least to me." It was as if investors had eagerly anticipated this pullback just so they could either own their first chunk of this stock-splitting machine or add to their already profitable position. As the day wore on and the stock bounced off its lows, the bulls clearly expected some follow-through for the rest of the week. Software sales slump There were plenty of victims in Wednesday's market, but none was hit harder than BMC Software (BMCS: news, msgs). After the company announced that it will miss third-quarter earnings expectations, the stock slipped 27 7/16, or 36 percent, to close at 49 9/16. The shell-shocked masses hit the message boards to sort out what to expect from here on out. See related story. Unlike the JDSU clan, conviction was obviously shaken on the BMCS boards. On Yahoo, Implicator2k's patience wore thin: "Again, another miss. One more strike and we are out. Quarter 2 was due to international issues and consolidation. Cannot wait to hear the next one." Not much confidence was forthcoming from BorialisBabe either: "This stock stock is one dead cat! The management of this company has (screwed) up big time. I believe they've lost public confidence." Edwarda, making consecutive appearances in "All Aboard," pointed to the competition regarding the company's woes: "There is something of a price war going on, at least enough to 'stall' customers. However, Computer Associates is better equipped to wage it with less pressure on profitability. The company has been making great strides in e-commerce, which now accounts for about a third of the deals. Also, CA is getting the benefit of renewals from the old Legent customers -- much better pricing!" And Pbogaert offered an interesting angle on the pullback: "BMCS has a good product like I said before but I'm afraid that 49 - 53 is what we will get for the rest of the week, when it hits 52 all 47 buyers will sell to pick up their 10 percent. The salesman of BMC however are party boys spending on nothing but expensive dinners and worthless demonstrations." Max Watson, chairman, CEO and president, tried to soothe the panic with his strong words: "This quarter, we were faced with a variety of unique circumstances and the North American geography underperformed. While we have experienced a few bumps in the road along the way, BMC Software has enjoyed remarkable success throughout its history and will continue to succeed in the new century through the efforts of an outstanding group of employees. I am absolutely convinced that we have the right strategy in place and our proven products and solutions are exactly what our valued customers need." To be fair, not all BMCS bulls were AWOL. There was definitely a contingency that believed the retreat was a complete overreaction, but judging from the prevailing buzz on the boards, it's time to exercise caution. Shawn Langlois is community editor for CBS MarketWatch.