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

To: SJS who wrote (15645)	12/29/2000 5:59:49 PM
From: t2	Read Replies (2) \| Respond to of 24042

Steve, any ideas where this market heads into next year? I have read Cramer talk about fund managers marking up stocks but I don't buy that entirely. Short interest continues to increase in Nasdaq and NYSE stocks. January 5th employment report could put a scare into the shorts ahead of the report and we see some buying. Tax loss selling---in a manner very similiar to what happened to value stocks last year. I don't remember markup of value stocks in late December 1999. Fed easing cycle could be the start of another bull market again---especially if things are not as bad in tech as people right now think. (expection is PC related stocks) Positive earnings suprises (Nt, JDSU etc) and possible share repurchases by companies like INTEL could turn the market around at some point. Looks like the momentum to the upside is difficult from this point. However, that is usually the time these things begin anyways. Will be interesting next week. Expecting wild swings like we saw in early January 2000.

To: SJS who wrote (15645)	12/29/2000 6:08:41 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 24042

Take a MM position for 6.22 % with your money, for NO RISK, NO COMMISSIONS, and NO ELEPHANTS I don't think any MM that holds commercial paper is NO RISK. There may come a day when people realize MM returns are not as safe as Treasurys. While much, much riskier than a MM, the carrying period on JDSU/SDLI arb is probably a lot shorter than a year (a month? two months? assuming it goes through), so the nominal return would be much higher when annualized (if spread is closed at zero). You make some good points about how closing it profitably could be difficult. Naturally the MM with the lowest risk has the lowest return: Spartan US Treasury MM 415 FDLXX 5.87 6.04 12/29/2000