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Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?

To: Netstockfiend who wrote (761)10/15/2000 12:17:02 PM
From: Kayaker  Read Replies (2) | Respond to of 2293
 
I am optimistic, fully invested, and picked up AVNX at 81.25 last week, BUT, the economic numbers that came out Friday have me wondering about a sustained rally. Oil isn't helping either, though that should be temporary.

dailynews.yahoo.com

Analysts had expected the producer price index to rise by a more modest 0.5 percent, and the core index by 0.1 percent.

'These are horrible numbers and the real horrible number is the core rate,' said Peter Cardillo, director of research at Westfalia Investments. 'This is what the market is fearful of -- if we got this kind of hike in the PPI that means it will probably be passed on to the consumer.'



To: Netstockfiend who wrote (761)10/15/2000 8:46:59 PM
From: robert duke  Read Replies (1) | Respond to of 2293
 
Just wait and see. I am not so sure about this turn around. 3 week in a row the market was down. We could get a fake rally for a week and then continue downwards. just watch and we shall see.


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