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

To: JakeStraw who wrote (15942)	1/5/2001 12:49:06 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

JakeStraw, JDSU at $35 WAS a good price because if you look at a point & figure chart, that was the aerea of greatest support and from where it took off 2 years ago. In fact it never got there. All it did was go down to 37.2 a couple of weeks ago when it was downgraded. Those where times of extreme duress and if all it did is go down there then I would say 37.5 is where the current support is. The problem however with valuing JDSU on a standard that existed 2 years ago, is that you are assuming that JDSU is the SAME co it was 2 years ago: It is not. Since then JDSU bought ETEK and SDLI and has grown like a monster in the optical space. I strogly doubt it will ever get even below 38. I waited a long time before finally deciding to enter big time at 38.5 last week. I watched and watched and watched and finally went in last Fri and Mon-Tues. Just lucky I guess it coincided with Fed rate drop. Today, great jitters about Calif. Greenie is worried too. That is why he went there last week. I simply don't think Bush and Greenie will stand for this nonsense in Calif. Calif. will be shown, sooner than you think, that Greenie and Bush are not going to take any non-sense from the flower children over there. Also, CA is heavily Democratic. I think the Dems in Congress will also get involved to save CA from their Liberal nightmare. TA