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

To: Keith Fauci who wrote (9384)	4/23/2000 11:00:00 PM
From: N. David Lessani	Respond to of 24042

IMHO, I went back six weeks back to this thread and saw euphoria was everywhere. Now a number of well intention people say bear market is upon us. I think neither were right and truth falls somewhere in between. I myself few weeks ago posted here that people who are investing in biotech are buying hope and were not investing. We saw what happened to a well established drug company last week. BMY new hypertension drug caused angioedema and company lost of 1/3 of its value in one day.!People were paying 100-200-300 for a share of companies which did not one drug yet! and if it had the safety and efficacy of its drug was not proven in clinical medicine. Now those excesses are behind us to a greater extend and market corrected. But companies like ETEK, JDSU ,SDLI, PMCS ... which have: 1. proven products 2. tremendous growth 3. they are making money are going to leap forward and sky is not falling. IMHO, after 6 weeks, we have gone to the other end and talk of bear market is rampant. This volatile market is due to nervousness and people are not quite sure where the truth lies, IMO, truth lies somewhere in between.