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

To: Tunica Albuginea who wrote (18646)	2/15/2001 1:09:28 PM
From: t2	Respond to of 24042

Lots of pain remains for the aggressive shorts out there. I bet the longs are not planning on selling. If hedge funds are losing on their JDSU and especially Ciena and JNPR,,,you can bet they are going to have to cover their shorts on other high growth techs too. We got a long way to go before we get some big reductions in the short interest in these types of stocks.

To: Tunica Albuginea who wrote (18646)	2/15/2001 1:11:33 PM
From: t2	Respond to of 24042

I like this comment from Don Luskin from his street.com commentary. Agree with him 100%. Sums up my feelings on the market and that is also why I think the hedgies are going to feel pain--at least those that are still short tech. This was in response to Herb Greenberg calling people who are buying, "idiots" Don Luskin 2/15/01 1:01 PM ET Herb and Justin, I just can't agree that just because we're having a couple of up days in tech stocks, which include the inevitable few headline grabbers, that pathological momo is back, and anyone who's making money today is an "idiot" or a corrupt "Buzz and Batch". I think the truest comment is the one about the pendulum swinging. Sentiment just got vastly, vastly bearish. Everyone "just knew" that tech was dead, the NASDAQ was going to zero, etc. etc. So you get these bad conference calls like AMAT's and it doesn't matter, not because the "idiots" are getting lucky, but because these stocks have been SO beaten down that even a "bad" call can be a relief. Maybe the "idiots" are the ones who beat them down so much? Long AMAT, and not an idiot