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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (11265)	5/3/2002 9:29:25 AM
From: techanalyst1	Read Replies (1) \| Respond to of 57684

You know the problem is that psychology has been burned too badly with the almost continuous grinding down in the market the last couple of years. We've heard "these are good values.... the recovery is coming, buy in anticipation when others are selling" for too long and stocks have gone lower as the recovery gets pushed farther out and ceos become less certain of not only the timing but the robustness while estimates keep getting lowered. Why should anyone buy jdsu when insiders have a plan to sell at these levels? Yes, it looks like it "should" bottom here, but does that mean it's going to rise? A move down to $3 is really not all that great considering where it's been but it's ANOTHER 25%+ haircut. The little guys are tired of bad hair days and perhaps they've decided to stop going to the barber shop. I'm certain that whoever buys at the bottom is going to be a happy camper in a few years, but there are lots of unhappy campers waiting to sell when the bear stops growling. TA