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

To: uu who wrote (21054)	7/31/2001 11:35:37 PM
From: Cary Salsberg	Read Replies (3) \| Respond to of 24042

During the famous tulip mania, the price of a tulip bulb reached the price of a house. When the price fell so that is was no more than a horsecart, was that a bargain and a time to buy? No! Don't make blanket statements about tech values. Pick specific stocks and use historical data to get a ballpark on their future prospects. We have witnessed a couple of years in which the market was dominated by fools and charlatans. To a large extent, technology stocks are still overvalued. The investment community has been afraid to take an unequivocal stance on techs. They are able to identify business failures shortly before or, sometimes, after bankruptcy, but they have been hyping the recovery and pushing overpriced leaders.

To: uu who wrote (21054)	8/1/2001 12:49:23 PM
From: sea_biscuit	Respond to of 24042

The vast majority of investors are wrong at turning points or "inflection" points. We saw that in March 2000. Everybody's grandmother had jumped into stocks. The widespread sentiment right now among the investing public is still about not missing the next upturn. As long as we have that, we will not have a sustained up move. As for JDSU, I wouldn't be surprised if it goes up 30% or 40% from these levels. But over the longer term, it is my opinion that you are better off in a savings account. So one could try to trade this one, with the realization that numerous studies have shown that traders generally lose money and underperform the market.