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


To: t2 who wrote (15781)1/4/2001 8:57:11 AM
From: John Carragher  Read Replies (2) | Respond to of 24042
 
Heard in the street .. wsj

Robert Turner, the aggressive manager of Turner Technology Fund and
Turner Top 20 Fund, is never one to get caught on the defensive. He was
boosting his tech holdings Wednesday before the Fed acted, in part because
he expected a rate cut and believes it will likely help technology companies'
growth rates.

Wednesday morning, Mr. Turner sold some shares of El Paso Energy to
make room for newly purchased, beaten-down tech and telecom stocks such
as Ciena, Cisco Systems, JDS Uniphase and Qualcomm. "I was figuring
they had strong fundamentals, and it seemed they couldn't go down a lot
more, and they'd be the first to go up in a rate cut," he says. Indeed, all four
stocks rallied more than 10% yesterday, with JDS Uniphase, for instance, up
a stunning 37%.



To: t2 who wrote (15781)1/4/2001 9:08:01 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 24042
 
t2, futures are down this AM. I think big Institutions are what moves
the markets.
Many are short. Many hedge funds are short.They lost
a ton of money yesterday and more bleeding is on the way.
Reason is that Alan G. is serious about turning this around.

They know," don't fight the tape ".

So they may be selling this AM to keep prices down on all stocks
so they can cover; this is why futures are down.
Also there will be amny " Head fakes " down today
to try and trick you into selling your shares.
You got roll with the big guys.
They got caught flat footed by Alan. Let 'em pay now!

Technically it is important that JDSU closed above 51.
That was the first resistance level which now becomes support.

With more rates coming up, and oil coming down in the spring,
this market will turn around faster than you can blink.
Especially with tax cuts from Bush. Maybe even
gasoline tax cuts.

Furthermore, Jan - April is where 70%+ of gains
are made in the market.
New money coming in.
JDSU is on everybody's list of stocks to buy.
With MSDW conference next week, JDSU will be flying next week.

Looking good,

TA



To: t2 who wrote (15781)1/4/2001 9:44:05 AM
From: Boplicity  Read Replies (1) | Respond to of 24042
 
Thanks t2, I ask others on si, here is the link to what they said. Message 15121939

not one was a surprised and fit their mo.

Greg

ps, I disagree with you about INTC it will dead money for sometime. No matter what they do to move beyond the box, they will still be seen as in the box for sometime to come. So, you will need signs of recovery in the PC sector, which I don't see for year or more. before they recover.



To: t2 who wrote (15781)1/4/2001 10:01:02 AM
From: pat mudge  Read Replies (1) | Respond to of 24042
 
Did research on Intel,which is near the end of its sharebuyback plans. Expecting a big announcement from them in the near term--especially if they disappoint again...we know last 2 weeks of December were not good. I believe they were authorized to purchase upto 150 million shares in the December quarter--I don't think they came close. They bought about 15 million at much higher prices in September quarter at a lot higher prices. It may be time for a new, revised share repurchase plan coming from Intel.

INTC's CEO gives keynote at CES tomorrow:
cesweb.org

I don't know if it's going to be webcast but I will watch for summaries.

Pat