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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (41508)	10/26/2000 11:12:44 AM
From: larry	Read Replies (1) \| Respond to of 77400

t2, JDSU is still expanding but the problem is that its valuation is so ridiculously rich that even the issue is off 60% from its all time highs, it's still not a value play. I guess that I am right on saying that not to take short term long positions on broken momo plays. Please give me an example of on major stock (market cap >50 billion) that can holds a trailing P/E multiple of 200 for 3 years. All of them crashed. The odds for JDSU hiting low 50s is much greater than it hitting 80s in the short term. If it comes in at 16 cents and not in the high end for revenues, look for it to gap down 10 points tomorrow. good luck, larry!