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

To: Guy Gordon who wrote (4126)	1/9/2000 11:50:00 AM
From: MileHigh	Read Replies (1) \| Respond to of 24042

Thanks, I feel the same and am on margin as well, will sell off my margined positions after I feel we have made a respectable run, Also, if they just take this thing to new ridiculous highs then it is a ST negative and is going to set us up for a real nasty Spring Tech Wreck. That's why I like your channel charts, stocks don't go up forever. Regards, MileHigh

To: Guy Gordon who wrote (4126)	1/9/2000 1:26:00 PM
From: Kayaker	Read Replies (2) \| Respond to of 24042

I'm not sure exactly what to make of this three-day "correction" in the Nasdaq. It was very steep, but not too deep. I'm sure like many folks, I just drag out the prior year's daily Nasdaq chart when I want to know what's going to happen. They look so much alike I often have to check what year I'm looking at. Last year we had a couple of short selloffs: Jan 12th - 14th, and 20th to 22nd. Seems like a very similar situation to this year; we just got our (first?) 3 day selloff a week early. I think folks are feeling the same jitters again because of the big runups from mid Oct to the end of December of both years. But we're just on the front edge of a strong earnings period, so I expect a choppy move up. Unless we get a clear indication of a slowing economy (and wage inflation) I think February will also copy last year, i.e., down the whole month. On covered calls, I would never attempt them with either JDSU or QCOM. Waaaaay too volatile and too much potential for big moves up. You think you've found a top, sell some calls, and it moves up 20 points the next day. With a quadrupling of my stock in the 5 months, I can't take the chance of losing the shares (and paying the taxes) just for a couple of points. I already spend enough time staring at the ceiling at 4:00 am. Since I'm looking out 2-3 years, I don't feel a need to protect against the 45 point drops; it's just noise to me. Doesn't mean I don't try to pick up a few calls at the bottom though. I did last week on Wed-Thurs and sold them at the close on Friday. Swore I wouldn't sell them til earnings (or after), but couldn't resist the runup. I'm sure I'll regret it next week, i.e., in the first 2 minutes tomorrow. Just my 1ó½.

To: Guy Gordon who wrote (4126)	1/9/2000 5:51:00 PM
From: Jimbo	Read Replies (1) \| Respond to of 24042

Yes - too much money on the sidelines 1st 3 days I'd wager will be up with traders squaring positions ahead of the CPI and PPI numbers on Thursday and Friday respectively.

To: Guy Gordon who wrote (4126)	1/9/2000 8:10:00 PM
From: Boplicity	Read Replies (3) \| Respond to of 24042

Guy, My take on the correction is that it signaled, at least to me, that this years market is not going to be as robust as last years. Earnings will matter now in the dot.com world, the honeymoon for the B2C sector is over with, they have to put up or shut-up or merge or disappear. Economic numbers will mean more, larger companies, after being over looked for sometime, will get more notice now, as they should with the economies across the globe for the most part back on track. As the larger companies start expand along with the global economy, enterprise software companies will do much better, from SAP to ORCL. The brick to click movement will be in full gear too. Also, I see sectors like the bio-tech as one that will out perform, as will B2B, telecom - anything optical -. I still haven't made my mind up about wireless, earnings for QCOM will be the tell there. This my list of stocks for anyone that is starting out in the market GE, HD, JDSU, ORCL, MLNM which is the most speculative of the bunch, others you could check them once a month, and do fine this year. Greg