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

To: t2 who wrote (19850)	3/29/2001 6:15:56 PM
From: larry	Read Replies (1) \| Respond to of 24042

t2, I am not interested in PCS any more. I have been rating the tech sector as "SELL" since last September and I think that it's time to upgrade the rating to "neutral" now. Why so? I still think that the NAZ is gonna test 1400 level within the next two quarters. However, today is the first time that I am getting scared as an investor because I did not realize that things can go down so fast and so dramatic. Sure these issues get what they deserved...but where can momo players be found? I can sense some despair and deep frustration out there in the market. This probably will do good to tech in the long run. And even if tech goes down to 1400, I think that it can reach 2500 within the next 3 years, which means buying at around 1800 is not that bad in the long run. You April fool's bounce scenario is well taken but until earning numbers improve, we won't see any meaningful bounces any time soon. I only put about $1000 on the JDSU put anyway. That's just fun play. But I fully expect the issue to touch 15 soon. No value play here, BTW. Not until below 10, but I am not sure that it will get there. I think that NAZ can only bottom out sooner in one scenario, that is, DOW plunges below 8k in a hurry. The longer it takes to do so, the longer the bear market goes for NAZ. It will be genuinely shocking to guess how low these once high flyers can go when DOW plunges another 2k. Don't bet on sector rotation here, for sure. good luck, larry!