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

To: Gerald Walls who wrote (9935)	4/30/2000 6:15:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 24042

Gerald, Yep. David

To: Gerald Walls who wrote (9935)	4/30/2000 9:28:00 PM
From: Larry Dambra	Read Replies (2) \| Respond to of 24042

Ok for all you technicians out there ... Just for arguments sake lets say that JDSU turns the corner, and on the strength of the ETEK merger (maybe announced at the end of this quarter) blows through the fifty day moving average at 117 and change. Let's add in the additional piece of G-2 which says that both JDSU and ETEK do not disappoint on the earning front between now and then (end of the quarter). The old highs between 140 and 146 3/4 or so then become resistance. Probably some tough spots at least around 112 and again at 126, and maybe a few more places, on the way there. If we draw a trend line from the highs around 116 in January and the 146 3/4 in March we get some crazy target of around 210 or so in late June, mid July. That would represent some 100+ points from where we are and, in my opinion is not a very likely scenario. You could, alternatively, draw a trend line that uses the low in mid-December around 55 and the low in mid-Feburary around 100 to come up with something like 170 for the same timeframe. Perhaps equally unlikely, but who knows? You might even average the two and come up with 190. <g> Bear in mind that this ignores the recent price action, which one could make a case is more a function of the market than the individual stock. Probably not a bright idea, but hey this is idle speculation anyway. My question is using point & figure, cycles, spirals, Fibonocci, Elliot Wave or some roll-your-own technique ... What could be a likely price at the end of this quarter? Anyone care to give it a go? Happy investing Larry