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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (6280)	6/14/2002 9:05:36 AM
From: Logain Ablar	Respond to of 33421

John: RE JDSU - At this momment in time the balance sheet and net cash level means the stock is a value play. The downside is their market has excess capacity so its going to be late 2003 or 2004 before they start to see a meaningful uptick in sales. So by then who knows what shape the balance sheet will be in? They should get a bounce in July with the rest of the market so maybe your friends should look @ entering a position in a couple of weeks as the naz forms a bottom. The telco sector should really flush and reach extreme pessimisim soon. I guess a combination of the comp BP and the telco BP hitting oversold readings (single digits for telco) would be a good point. I'm staying away from telco and over concentrating in storage when I redeploy. Tim