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

To: t2 who wrote (19404)	3/12/2001 11:29:31 PM
From: Elroy	Read Replies (1) \| Respond to of 24042

It seems picking stocks is not going to work in a downturn. In a downturn you pick the stocks that will go down the least, which are usually the ones already beaten down since their own lousy outlooks existed before demand went belly up. Look at MOT vs. JDSU from nine months ago. MOT would have been much better as it has fallen much less on a percentage basis. Elroy

To: t2 who wrote (19404)	3/13/2001 3:38:17 PM
From: larry	Read Replies (2) \| Respond to of 24042

t2, Agree with most of what you said. We are seeing a dead cat bounce today after first penetration of 2k. I don't know when the next leg down will materialize, but it should be within the next 4 weeks. After another round of penetration of 2k and setting new lows, we should be comfortably sitting at 1500 for the summer or early fall. Chambers basically warns today and I don't see reasons why it won't warn next quarter until it slashes forcast by 50% or more. The technical bounce won't last long. Unless Chambers show us the money which he won't be able to get for a long time, issues like CSCO, JDSU, and INTC will keep drifting down. Enjoy the technical rally, or short cover boosted transient rally. larry