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

To: mslawyer who wrote (8766)	4/13/2000 5:33:00 PM
From: PartyTime	Respond to of 24042

Developments on ADLT's DSI Fiberoptics Telecommunications Unit: [NOTE: Lots of former OCLI staff on the team; DSI also utilizes JDSU's Asian distributor. Also, ADLT is 25 percent owned by GE with SEC provisionos whereby GE can take majority voting control of the company. Presently, all GE need do is team up with ADLT's Chair/CEO and President/CIO to have a majority control. DSI could become GE's cloaked entry into the fiberoptic arena. Raymond James recently gave a strong buy rating noting the company was prime for takeover. GE, JDSU or some other big fish?] biz.yahoo.com

To: mslawyer who wrote (8766)	4/13/2000 5:39:00 PM
From: lawdog	Read Replies (3) \| Respond to of 24042

I would not want to be long JDSU at this point. Next support looks like 200 day MA currently at 64.75. If this level is reached the market will be a very scary place. I imagine the selling would have spread to all the indexes by that point. Do not underestimate the carnage that is becoming more and more possible with each day of the slow bleed. The amazing thing is that the last time we saw selling even close to this was back in July and August of 1998. The Nas declined about 28% at that time. Right now we are at about 25%. However, sentiment was far more negative in 1998, with the VIX at 45.69. The average investor just isn't worried enough about this market. Today's VIX was reading 33.95, not even a 52 week high. This signals more selling and the possibility of a selling panic. Instead of an orderly exit of positions, we may get a panic sell ala 1987. There's just too many things wrong with this market. Another problem is the put:call ratio. It has been around .5 for each of the days we've sold off. Again, isn't this overly bullish considering the way the markets are behaving. People are acting as if nothing was happening. Maybe they are in shock? Do they think that the NAS is just going to rebound back to 5000 in a few days? IMO, the bottom will be fast, furious, and severe and you will know when it has hit.