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

To: SJS who wrote (8856)	4/14/2000 6:18:00 PM
From: Lane3	Read Replies (4) \| Respond to of 24042

I always though that a P/E equal to the growth estimate for the current year made a lot of sense as a valuation method. Unfortunately, that would mean that JDSU and most of the rest of my portfolio is still overpriced. Karen

To: SJS who wrote (8856)	4/15/2000 6:59:00 AM
From: David Spruiell	Read Replies (1) \| Respond to of 24042

P/E is useless in dealing with JDSU, it is a surrealistic, emotional, momentum trading stock, so this thread is the best indicator of the future price to me. So lets cut to the meat, what price will the selling stop? I thought that $80 was a good place Friday and went long into the fear at $81. It looked like a trading range between $81 and $85. Buy the fear(e), Right now I am wrong. Monday? Logic tells me that momentum is pushing lower. But there is lots of cash waiting for the bottom. Now that I am long, I feel the fear that JDSU could go to $60. Will exit $78. David