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Technology Stocks : JDS Uniphase (JDSU)
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To: Trader Dave who wrote (1282)10/14/1999 9:54:00 PM
From: FlameMe  Read Replies (1) of 24042
 
Great comments. Initiate a position now and add to it if the stock corrects. It's easier to closely follow a stock if you own it. Plus, there's often a reason for a stock to correct 20%-40% (market correction, new competitor, missed earnings whisper, etc.). As you say, the reason will make it difficult for many to buy when a stock is in a sharp decline. And if the correction is steep and scary, it will often come back very quickly leaving you a small window to take advantage. But, if you can buy when others are panicking, you almost always will make money.

So far JDSU is holding up very well in this market decline. But, futures not looking good tonight.

Regards,
Ross
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