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

To: Dalin who wrote (10087)	5/9/2000 11:22:00 AM
From: Boplicity	Read Replies (3) \| Respond to of 24042

I wish you luck. I'm sitting on my hands raising cash, waiting till the end of the year. I can't seeing anything, other then a slow down in the economy, that will begin the process that will lead to a new bull emerging. Investors that are walking around now thinking that this is just a rest stop in the on going bull market are in denial we are in a bear market now, all rallies should viewed as bull traps, unless you are trading that is. JDSU is more likely to make a triple bottom or retest three times then to move higher here. Triple bottoms are not a very good base to move higher off of. Furthermore a cautions forward statement from CSCO will have a much greater impact then MSFT forward statement did, since CSCO is and has been viewed as a steady performer that is supplying a sector that is need of massive expenditures. Even if CSCO is gun hoe going forward, the market could still be in the re-evaluation process after it's earnings therefore CSCO market cap will not be supported by just 30 to 40% growth CSCO is producing. We are boxed in at the mercy of investors perception until they start to view stocks as cheap and stable, until they do we are going to keep seeing failed rallies like last Friday's was. Greg