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

To: Hank Stamper who wrote (10206)	5/11/2000 11:49:00 AM
From: t2	Respond to of 24042

David, If the FED is aggressive in raising interest rates in the near term, you know that means the long bonds will rally (5 to 30 year). It would mean the FED will not let inflation go up. In addition, the technological revolution is going to continue (ie broadband, wireless). As I see it, as the interest rates stop rising the tech stocks will rally. The problem becomes when to buy these stocks. IMHO, the discounting of future events is phenomenal in this market. So if the tech stocks are supposed to rally late in the fall, that would mean they rally in the coming days and weeks. People look beyond the short term these days. If the inflows into mutual funds are supposed to increase starting in June, that would mean the funds with cash now will start buying right away. In my bullish view, I am just looking beyond the events of the summer. That is how I think the big funds will see it as well; so will the hedge funds. This might be the time that the retail traders are going to be the last ones to join the party. The mutual fund (tech funds)investors might be winning out this time. BTW--Congrats on getting out of JDSU a while back. It was a great call. I have been noticing huge increase in JDSU short interest without a significant reduction in ETEK short interest. That could mean we may be setting up for a short covering rally sometime in the coming months---maybe like the way Rambus moved up a few months ago.