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

To: Nichols who wrote (15734)	1/3/2001 4:22:12 PM
From: sam	Read Replies (2) \| Respond to of 24042

Calling a bottom and calling a rise back to the top are two different things. We don't hit a top for some time. By bottom -- in effect -- I'm saying that the funds that are helping to strangle the NASDAQ and destroy the economy will start to cover into weakness, rather than only shorting into strength. They'll continue shorting so that they can "create" the weakness they need to cover. So a drop back to the 2200 area is not out of the question. All this said, no doubt we will hear about how the FED panicked...and how the economy is in MUCH worse shape than anyone thought. You'll see that sort of talk all over SI, at least for a week or so now. Probably longer. Hedge fund managers will be all over CNBC trying to frighten people into selling into the weakness. Their words will be coming out of the mouths of guys like David Faber and Bob Pisani. As always. Lots of people (mostly daytrading shorts, this time) thought they had the market all figured out. Some don't see the writing on the wall yet...but they will. Currently, I own very few stocks (QCOM and SDLI/JDSU), but I will now begin to accumulate. No chasing. No need to.