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

To: t2 who wrote (4385)	1/13/2000 12:02:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

t2 I am convinced the market is being manipulated by the big Houses. When you see record high over 3 day period followed by severe lows, you know that this is not mass conspiracy ( too many people to agree ) but rather limited conspiracy, few big Houses can do it. I think that there are full time traders in big houses that drop the stock to clean out all the stops, get your stock at a lower price than you for it and then move up again. Happens everyday, just about. So in big market movements no stock is immune no matter how great. Even GE falls. I think we will continue to have spastic market moves. However sometime after April or May I expect a giant market correction much worse than last year, TA Message #4385 from t2 at Jan 12 2000 7:09PM I am expecting the momentum to last in JDSU a little longer than that--at least right up to earnings. I think we could still get a steady climb after that going into the March stock split---of course with lots of volatility. History of JDSU earnings release quarter resulted in a run up to earnings and a run up afterwards. That should result in a run up earnings as there is no recent history of "sell on the news" (unlike Yahoo). I am taking the current caution in the market to mean that the rally will last longer and longer. Prior to January, i thought we would go straight up until Jan 15 or so. I guess the market discounted that action and drove stocks higher in late December only to move up the anticipated February slide to these last 2 weeks. Incredible discounting mechanism!!! I take that as a sign that inflows are unused by mutual funds and will probably be put to use a little later. THe end result, we rally well into February even if we stall in the near future. Either way, we should have an explosive move within the next month. JDSU still has great things going for it. I am glad that the uncertainty has been created in the past 2 weeks. Enough bearishness on the tech sector for a pretty good pop.