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Technology Stocks : JDS Uniphase (JDSU)

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To: Henry D who wrote (1630)11/3/1999 12:57:00 PM
From: Kayaker  Read Replies (2) of 24042
 
Well... I thought it was overdone on Friday, and bought a few puts. Thankfully I bailed out of those on Monday with a teeny profit. But I have to think this is a bit overdone now. <g> Not that I'm selling anything. But we have a Fed meeting coming up on Nov 16th, and more inflation data coming Friday, and after that. IMHO, there is going to be volatility in the overall market; it's not straight up from here. If I were looking to get in, I would be patient and wait for an inevitable dip. I've got some cash on the sideline waiting for an opportunity to come along. If you haven't already done it, I would go listen to the recent conference call to get an idea where the company is, where it's going, and how fast. Just my 2½.
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