It is high but read this:
Jim Cramer's comments on Street.com:
We are in the presence of greatness. We must
acknowledge it and pay homage to it. We must glory in its strength, in its
obliviousness to all that is around it. We must respect the power of this
move.
If you haven't guessed which stock I am talking about,
you haven't been paying attention to this market. The
praise, of course, is for the beautiful work that JDS
Uniphase (JDSU:Nasdaq) is doing in its run to -- I don't
know -- 300? To 400?
We own 2,500 shares of
JDS Uniphase, a stock Matt
"B2B" Jacobs brought to
our attention during his Matt
"Fiber Channel" Jacobs
period. (Yes, that is kind of
like Picasso's Blue Period, except it makes you more
money.)
We can't part with it. We are too in awe of it to part with
it. Of course, our scale method, where we sell a little bit at each new level
upward, hurt us badly here. We expected a pullback where we could replace the
stock we sold. We never got it.
When I see moves like this I am always reminded about
how much better the individual can do than the
institution. I am not rationalizing, but I could never have held on to a huge
slug of this -- it would have been my whole portfolio. But it's possible, and
I'm sure probable,
that some individuals have caught this whole move,
particularly those not inclined to take profits.
Lately, I have been getting pushback from the media
saying that the do-it-yourselfers are outmanned and ohad to do with JDS
Uniphase. |
