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

To: t2 who wrote (18060)	2/8/2001 1:30:32 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

t2 PE is meaningless now. Raymond Bloch from Raymond James and John Bollinger both said that " you buy stocks when their PE is high, which is when their profits are down and price is high,at the bottom of the cycle, and you sell them at the top of the cycle, when their earnings are highest and thus have a lower PE." Having said that, let us also add that JDSU's PE corrected to the point where S & P put it in it's Value Index We really DON'T KNOW what JDSU's new PE is: We'll know Monday. I bet you it will be even higher. An rumors about slowdowns etc today, " from a big house " should be placed in the same trash can you should have placed their buy recommendations when JDSU was at $130/sh TA