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


To: RR who wrote (5144)1/25/2000 3:13:00 PM
From: t2  Respond to of 24042
 
OT Ron Insana (CNBC) just talked about rumors of hedge fund selling. Great reporting; started to like Ron. He is probably the smartest anchor on CNBC but use to only take a bearish tone (for years). More balanced these days.

If he is right, it is great for the the market. No panic among individuals. Could have a bit more selling as the funds use their "selling power". Once the mutual funds start buying aggressively, the hedge fund managers will be sorry!!
Hoping the reversal starts today; the short covering will cause an explosive rally expecially in the Nasdaq100. Considering how Intel and Microsoft have held up today, we could be at the end of the line in this selloff. Only time will tell.