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

To: Jim Willie CB who wrote (13712)	10/29/2000 9:21:41 PM
From: Jill	Respond to of 24042

SEBL is fortunate not to have an eff-up and a belcher in its sector Funny! Thot I'd tell you now instead of six months from now. J

To: Jim Willie CB who wrote (13712)	10/29/2000 9:51:44 PM
From: Boplicity	Read Replies (4) \| Respond to of 24042

It's a perception problem with JDSU. If JDSU is doing so great why has it stock been cut in half in months not to mention spending the whole year going through the shredder while as you mention SEBL a few others have not fallen? You answered the question. JDSU is hostage to the sector, and is not large enough to change preception of the sector. Sure we will get a merger run, but it will not lead to a new 52 week high. Look at the chart. Does that look like a bottom with nice long base without overhead resistance? No. The market is not just going suddenly wake up and say, "Pestro changeo, POOF JDSU and capex spending outlook is now clearer now that the merger is done." It's going to take time for the market to come to terms with the current condition in the telecom sector and capex spending and more importantly the slowing of the economy and the wall streets pressure on the providers bottom line. So, I see flattening out of JDSU action. Maybe after a couple of quarters the picture will be clear and then JDSU can move off a nice base. Greg p.s., Look at the multiples on SEBL. That can't go on forever. But I agree SEBL is has been a champ. Maybe SEBL will be the last one to fall over? SEBL only has gone from 10 to 118 in a matters of months, it would seem to be ready to take a break after the double top at 117 or so. One more thing. We are all going around chasing a narrow selection fo stocks after quick and large drops. I see that as indicator of a bad market environment the has a very fresh memory of lost gains which will lead to investor wanting to sell as stocks try to rise higher. That's called overhead resistance, and this market has tons of it too. So a muted forth quarter rally. IMHO