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

To: Tunica Albuginea who wrote (4356)	1/12/2000 12:55:00 PM
From: Boplicity	Read Replies (2) \| Respond to of 24042

As I stated on the QCOM thread, I want more JDSU, but I want to buy it during better market conditions. Better market conditions could mean two things. After a very large sell off, I would be a buyer, or if the market stabilized and started to move higher, I would average up. Right now I can't tell which way it is going, it's seems to have a bias to the downside. IMHO, Last week changed market perception. Perception is everything in the market, I feel most players are coming around to the thinking that the market will be selling down short term. We get INTC earnings this PM, that will be a tell as was YHOO and ARBA. ETEK reported yesterday, they had a great report, as did YHOO and ARBA, but ETEK is up after earnings, while they are down. I love stocks that go up before earnings, then continue to go higher, I see ETEK reaction as vote of confidence in the optical sector, while YHOO and ARBA reactions as an sign of excess.. How long it takes to work off this excess, is anyone guess. Greg

To: Tunica Albuginea who wrote (4356)	1/12/2000 1:15:00 PM
From: t2	Read Replies (2) \| Respond to of 24042

Tunica, I would trade JDSU long rather than short. A company that is capacity contrained is not a good one for shorting (even on a trading basis). At least i would not feel comfortable with it. I would say that 180 to 185 is a strong base for JDSU for SHORT TERM term trading basis. The upcoming PPI and CPI numbers have already resulted in some selloff ahead of the number even while mutual fund inflows are strong. Therefore, it would not suprise me to see a rally late day ahead of the number (PPI) tomorrow. If not, a rally on the news. Only the retail sales number concerns me since we could have the millenium Christmas shopping season being much stronger than under normal conditions. I bet many bought more gifts and more expensive gifts to mark the end of the millinium. Of course this would be a one time thing anyways. As long as it is recognized as such, even this number may not be problem.