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

To: MileHigh who wrote (7202)	3/7/2000 2:58:00 PM
From: t2	Read Replies (1) \| Respond to of 24042

The old economy stocks are facing what we call in Canadian politics a ---non confidence motion. There is no confidence in these stocks at all. Remember a few months ago how the bonds yields kept going up as the money flowed to the growth stocks (I believe it was December). Investors now feel that the most they will get out of such stocks is about a 6% return but they face big risks as people continue taking money out of these stocks. This was exactly the same situation we saw with the 30 year bond in November/December. People just started to ignore the yields just like they are ignoring the consumer stocks etc. Strangely, the risk is just too high to hold onto the old economy stocks. This is really bizarre--to think there is less risk in high PE tech stocks. Well I only invest in high tech stocks. Not ready to move out of these just yet.

To: MileHigh who wrote (7202)	3/7/2000 3:07:00 PM
From: Edscharp	Read Replies (2) \| Respond to of 24042

>>How about all the carnage taking place in the old economy stocks!<< Unfortunately, carnage is contagious. If oil keeps upping and dow keeps dumping, the "new" economy is next. Reluctantly, with tears running down my cheeks, I sold my JDSU and SDLI stock today. JDSU has twice the market cap of GM and the dow can't keep getting crushed without consequences. Great companys. I'll be back after the correction. Edscharp