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

To: Scripts who wrote (15088)	12/21/2000 2:42:53 AM
From: John K_k	Read Replies (2) \| Respond to of 24042

This is not about JDSU in particular. It has to do with a final round of year-end tax loss selling across the entire TecH sector. This is coupled with well timed margin vigilence by the brokers. My broker called Monday to tell me that if I hadn't shored up my position by noon Tuesday, they might go in and sell themselves. The interesting aspect is "they might." It all depended on Greenspan's statement. When the market got less than optimal response. It tanked. A culmination of: 1)investors who bet the wrong way on Greenspan's inactivity fleeing, 2)those who hoping for a turnaround saw it was not about to happen & deciding to take tax losses, 3)brokers taking the high growth tech stocks back cheap, now that Greenspan has stated new bias. 4)shorters gleefully taking their last hurray, 5)professional managers will on holidays soon. All their selling will be done this week. Look at JDSU and GE: Both About $46-$47 Both have expected annualized profits in the $1.50 range 18 months from now. JDSU PEG of 0.65 GE PEG of 2.5 Which would choose to short tomorrow? Which is the place to put your money? Two more difficult days to go through. Look for a rebound the last couple of hours Friday. Shorts will be covering before the week-end. Margin related selling should largely be over. Comments? yambury