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

To: MIKE REDDERT who wrote (18618)	2/14/2001 11:26:37 PM
From: t2	Read Replies (1) \| Respond to of 24042

Mike, A lot is going to depend on market sentiment on the Nasdaq itself...if we have seen our inflection point, the stock can move...Ciena reports earnings tomorrow AM and I expect them to be good. The play on the S and P re-weighting is going to be very interesting. My guess is that if the market turns up, JDSU will gain more than the Naz itself tomorrow. I am betting on a follow through rally tomorrow. One catalyst could be the IT spending plans by organizations...which were quite high in the Goldman Sachs report. Most will want to buy ahead of the turnaround since the rally may be decelerating on the news itself. That explains the moves in stocks like AMAT which have much lower levels of visibility. That is my reason for expecting continuing gains in the Naz. At some point that big money money cash has got to come in to the market and I believe it happens when the market starts showing some momentum combined with bits of evidence of recovery (including analyst assessments of the business environments). We may not see the hard evidence first but the industry analysts will provide some facts sooner than any company will. To wait for the proof in company earnings would be to miss out on big gains, IMHOs.