Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sawtooth who wrote (20006)	4/10/2001 2:50:48 PM
From: t2	Read Replies (1) \| Respond to of 24042

Sure i believe in buying when they are down. It is matter of what is relatively better at this point. Only after some other sectors move up would I look at optical. I am still keeping not giving up on the optical stocks yet....just being a little patient, buying other techs. In the end, if Naz goes up, optical will also...and I am very bullish on the Naz. I guess it does not hurt to hold a little bit JDSU also if one believes (as I do) the Naz is going to cut through 2000 like a hot knife through butter. BTW--I believe mutual funds reserved a lot potential redemptions this quarter and the level of redemptions is probably nothing close to what they were conservatively planning for. In addition, many of the large funds like Janus and Fidelity are actually light on technology and some are high in cash based upon the last data (Janus Fund was about 20% cash at the end of Feb and I would guess that it did not get spent). Liquidity or cash on the sidelines along with underownership of techs (for a chance) is going to drive the Naz higher. By cash on the sidelines, i am including refering to cash held in mutual funds. Whereas individuals may wait longer to buy, I don't believe mutual funds will be that patient at this point--with good values now in many tech stocks. Funds have stopped waiting for better opportunities. Is it not interesting how Naz is not selling off ahead of an expected bad earnings report from MOT.