This column was originally published on RealMoney on March 28 at 11:09 a.m. EST. It's being republished as a bonus for TheStreet.com readers.What a shrugoff of Oplink ( OPLK)! It's like nothing happened. The Ciena ( CIEN), the Finisar ( FNSR), the JDSU ( JDSU), just back on fire. The Bookham ( BKHM) lapping up the new supply. The Alcatel ( ALA) advancing despite the pressure from Lucent ( LU). Avanex ( AVNX) over $3, Mindspeed ( MSPD) up nicely. This group is not quitting. Now, we know a pullback is due, but doesn't this group feel so 1990s, when Cisco ( CSCO) became a market darling? Doesn't it feel like the money's going its way? I keep coming back to where these stocks were when there was telco spending vs. where they are now. There's just so much reason to believe that a new spending cycle is in front of us and you have to put some money down in the group.
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