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

To: pat mudge who wrote (8690)	4/12/2000 4:10:00 PM
From: contrarian1437	Read Replies (1) \| Respond to of 24042

<<OT -- I think SSPI is a victim of margin calls by traders/momentum players. It has virtually no institutional holding and with most of the retail buying drying up, it will require new money to move it up.>>> I would imagine as soon as this market massacre is over..Spectrum should rebound some, and than on to new highs... i hope!!! <<<I don't worry about JDSU. It can move up as quickly as it moves down. A friend at a NY hedge fund said they have their fingers on the "buy" button, waiting for the gap to be filled. I doubt they're alone...>>> I bought more JDSU at the close!!! I hope it makes me look like a genius in the near term!!!!! (Although short term my wife's gonna kill me!!!) Good Luck

To: pat mudge who wrote (8690)	4/12/2000 4:51:00 PM
From: sam	Read Replies (2) \| Respond to of 24042

JDSU is holding up better than most so far (as is SDLI for that matter). But I think two things are going on. One is the little guy on margin is being squeezed. The ending on the day's lows for most Nasdaq stocks will trigger margin selling tomorrow and Friday. Hopefully that'll dry up fast. But it may get a bit dicey first. Probably best to sleep in tomorrow. Second, the Street feels vindicated. All the "old" Phillips curve/flight to quality crowd feels that the world is right again. But that'll change fast enough as we all know. Oh -- which gap are u referring to...or is it the all-mighty "retest" that must happen because the experts on CNBC (;)) told is it was gonna happen.

To: pat mudge who wrote (8690)	4/12/2000 5:26:00 PM
From: t2	Read Replies (1) \| Respond to of 24042

A friend at a NY hedge fund said they have their fingers on the "buy" button, waiting for the gap to be filled. I doubt they're alone. I agree Pat. They want to wait as long as possible and may be looking at 3650 as a trigger point. I hope we see it tomorrow in the first half hour of trading. It seems most are waiting for the "prophecy" of a retest of 3650 before buying. This retest idea is pushed so much by CNBC and its new gurus such as Ralph Block. Some others are getting some of their credibility back after being so bearish for so long, especially the TA experts who have been proved so wrong so often. Now they want everyone to know they are right. Of course the traders are going to play their words and that of CNBC reporters for some short term trading opportunities. Ron Insana and Tom Costello keep talking about the guys who have been right on the money with their calls. IMHO, they have a lot to do with the decline. It sends a message to would be buyers that the worst is not over and then we get the reluctant sellers. CNBC questions, where are the daytraders. I have a clue. They are sitting on a lot of short positions thanks to the continuous bearish comments and talk of lower and lower support levels. I remember October 98 very well. What an opportunity that was for me. I choose to look at this the same way.