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Technology Stocks : JDS Uniphase (JDSU)

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To: Boplicity who wrote (1677)11/3/1999 9:22:00 PM
From: Kayaker  Read Replies (1) of 24042
 
OT - Greg, what seems to work best for me these days is to put about 85% of my $$$ into shares and leave them alone. As we've discussed, most of that money is in QCOM and JDSU, with smaller amounts in GSTRF, AMCC, GBLX, and NDB.

The other 15% I keep in cash and wait for one of those agonizing dips to come along, then buy calls. My worst mistake is usually jumping back in too soon. I'm working on it and determined to get better at it.

From what I've seen I think you're better at recognizing the tops and bottoms. To me, today looks like a classic blowoff top in both QCOM and JDSU, especially now that we're at the end of earnings and with the Fed meeting coming up on the 16th. I think the employment numbers this Friday could also be important. Your thoughts here?

I am thinking of dumping one or two of the dogs tomorrow to raise a bit more cash. Nothing would be nicer than to have a chance to buy some calls on QCOM or JDSU if either dropped to their 50-day moving average or so.
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