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

To: Cary Salsberg who wrote (22248)	2/18/2002 10:55:04 AM
From: BWAC	Read Replies (2) \| Respond to of 24042

Sounds reasonable.

To: Cary Salsberg who wrote (22248)	2/19/2002 10:21:08 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

Fri is options expiration. Are we going to see a retest of 5.1? Also, we could theoretically break 5 intraday only and close above 5. That may force some weaker hands out but still allow Institutions to hold on to their long term positions..... On the other hand we don't know , if it goes go to 5 + cents how long it will stay down. Because the Sept 11 low and subsequent rise where based on emotion and where to short for all the weak hands to get out. The market may need to stay down longer to cleanse itself. Perhaps we may have to go down to 5, then back up to 8+/- then down again in the " June swoon " before it goes permanenetly back up. Lot's of wild guesses. They are only guesses. You can't pin your hat on them, :) TA news.moneycentral.msn.com 16:40 ET Dow -157.90 at 9745.14, Nasdaq -54.59 at 1750.61, S&P -20.66 at 1083.52: [BRIEFING.COM] The selling in the market began at the open and continued all day long with both the Dow and the Nasdaq closing near session lows. A depressing day on the Nasdaq as the index has not closed this low since November 2. Also, this represents a 17% haircut for the Nasdaq since its January 9 high....Investors clearly rotated into cash as most every sector traded lower. Accounting concerns once again lingered in the market. PNC Bank (PNC 55.35 -1.60) restated earnings and concerns over IBM (IBM 99.54 -3.35) and Circuit City (CC 22.11 -4.29) hurt the market. The few strong groups today included airlines (UAL labor agreement avoiding a strike) and building products. Much stronger than expected housing data got the homebuilders off to a solid start, but even that group gave into the selling. The negative tone was established in the pre-market as some viewed ONI Systems (ONIS 5.94 +0.40) has agreeing to be acquired by Ciena (CIEN 8.45 -0.28) in an all-stock deal as a negative. Briefing.com sees this deal to be a move made more out of desperation than opportunity. However, the deal did get generally favorable comments from analysts. Also, a NY Post article on Cisco (CSCO 16.81 -0.28) did not help as it compared Cisco's relationship with Sequoia Capital to Enron's off-the-books partnerships. As a result, tech stocks were very weak, especially semiconductors, storage and software....Semi equipment stocks were weak ahead of industry book-to-bill data due out after the close tonight....Financials got hurt by more credit concerns and the PNC restatement: FBF -5%, C -4%, ONE -4%. Brokerages also felt the pain: SCH -6%, GS -5%...Often, gold stocks will move in the opposite direction of equities, but not today. Gold prices slumped (293.60 -5.30) in the wake of comments from Bundesbank President Welteke, who said that Germany wants to "slowly" sell some of its gold to move into assets that offer a return beyond potential capital appreciation...Today's market activity today was discouraging as there was no attempt at an afternoon rally despite the sell off on top of Friday's weakness. DJTA -0.4%... DJUA -1.5%... SOX -3.6%... DOT -5.0%... XOI -1.4%... Nasdaq -54.59 at 1750.61... NYSE Adv/Dec 1014/2120... Nasdaq Adv/Dec 1046/2495.