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

To: SJS who wrote (9099)	4/17/2000 8:00:00 PM
From: t2	Read Replies (1) \| Respond to of 24042

Steve, It was a good trading day but I thought it was also a great opportunity to commit to more long positions. I am comfortable with the news coming out about individuals not really redeeming their funds. To me that means, the buy on the dip mentality has not changed. Just as we saw momentum to the downside, it will also return to the upside. Remember what the "experts" had been saying---don't try to pick a bottom but buy when the selling is over even if that means missing some points on the upside. Many will intrepret this as sign that we are on the way up and that will mean more cash into stocks and tech mutual funds. I am not interested in the interest rates so much anymore. Surely, April's market drop will have impacted spending to some degree this month and the numbers will be evident when they are released in May. I believe interest rates are not a factor anymore according to most bullish analysts (Galvin and Cohen). I will go along with the recomendations of Tom Galvin of DLJ who went 90% stocks in his model portfolio. He expects about 2 more 1/4 point hikes and is still taking a bullish view on stocks and particularly tech stocks. I can see why he thinks bonds are not a great investment anymore. It is either cash or stock. I prefer stocks given the declines in the Nasdaq; sticking to the blue chip techs. I think JDSU is now in the large cap category and not the speculative list. CNBC reports today had put it on their large cap list.