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

To: t2 who wrote (19273)	3/10/2001 9:09:43 AM
From: larry	Read Replies (3) \| Respond to of 24042

t2, Glad that you are still alive.:) I firmly believe that Nasdaq will hit 1400-1500 before finally bottoming out. The daily volume is still way too high for the bear market to end its course. Last year I was predicting 1800, and early this year, I change that target to 20% lower. We will get a fake rally at 2000. However, there is no support at 2k, and the next leg should lead us to 1800. This will be a great buy opportunity for a rally to 2k. Then it's sell time again. I think it will take us at least 3-4 legs down to get to 1400. My bottom target price for these leader issues are: SUNW 12 ORCL 12 CSCO 14 INTC 20 MSFT 35 DELL 15 JDSU 15 QCOM 30 EMC 25 YHOO 5 MOT 10 NT 12 These tentative targets may be still too high if market conditions deteriorate. For example, I am expecting INTC to report $75 for the year, and at $20, it will still give the issue a PE multiple of 28, which is very very high considering the significant negative growth it shows. MSFT is very dangerous at current level and i, offers basically no upside opportunity for the stock. CSCO can get even worse because its great management strategy will come back to haunt them in the near future. I won't be surprised to see it getting another 50% haircut before bottoming out. Selected tech names are offering some decent values now. But as a whole, tech rating is a 2, moderate sell. BTW, does anyone think that Abby is looking more and more like Abby Foolish Cohen now? Is she going to totally destroy her reputation because of a string of silly calls in the last 10 months? More to come? But at least she provided us a great opportunity to sell the rally. larry!