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Technology Stocks : Juniper Networks - JNPR

JNPR 39.95

0.0%

Jul 2 5:00 PM EST

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To: jmanvegas who wrote (544)	8/5/1999 5:38:00 PM
From: Tom Hua	Read Replies (4) of 3350

You sound almost exactly like the folks who were drawn into UBID soon after its IPO. No regard for valuation, they buy because of the small float (1/5 JNPR's float) and in a hot sector. Sure it shot all the way up to 190, but when it crashed the longs didn't have time to react. Suddenly they're down 20 pts, can't sell now, wait for the rebound, down another 20 pts, no way to take such a big loss, down another 30 pts.., and they become "long term" investors. Regards, Tom

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