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

To: larry who wrote (19827)	3/29/2001 2:53:44 PM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 24042

Have fun rejoicing at others' expense!

To: larry who wrote (19827)	3/29/2001 5:53:15 PM
From: t2	Read Replies (1) \| Respond to of 24042

I am not gonna lower my price targets any more. They can go much lower, but I do feel that in 2-3 years you have a decent chance of making some good returns from these levels. However, risks are very high and it's certainly possible that in some cases, you are on a river of no return. I watched JNPR and JDSU tank today..or continuing to. I think you made a good move by closing out your put options on JDSU. I still go back to the probable bounce after window dressing ends. Under that scenario, we could actually start seeing buying late tomorrow by those that do want to buy these types of stocks for the long term. At the same time, the aggressive sellers will be out as well. By Monday, I believe the buyers will outnumber the sellers in stocks like JDSU...at least in the short term. What is your take on other sectors? I remember you used to be big on PCS in the days when everything went up. As I commented earlier, I like the carriers (land line and wireless) who see less competition but will still experience more demand for broadband services. They will be less worried about overbuilding now that the competition is disappearing. Now they can also get Nortel and Ciena in a price war to supply the equipment...that will then spill over the suppliers like JDSU. I still plan to play the bounce in this sector for April. I don't think the fundamentals are going to deteriore much more but the overownership of the tech sector in the past 2 years is still being played out and that is probably one other reason why we still see declines. Diversify across various sectors is probably the best way to play this market on the long side. The risk in buying tech only is just too high.