Pat,
You are absolutely right. I have expressed concern that the stock is over priced many times in the past. I have often warned people that the risk appears greater than the potential for reward. The stock has simply gone up, however. I agree with you that people should realise that I have held this opinion for over a year and my recent postings are not new! (In the past I have often pointed this out in my postings but failed to do so this time. Sorry.)
Let me clarify something further: I am not a 'money under the matress' guy. I have been invested in JDS for long enough to have seen over a 1500% increase over my original purchase price. I was able to stay invested because I got in when the stock was, in my opinion, not over-valued and the risk/reward potential was very favourable. I also believe this company is one of the stars of the decade--the internet traffic has to go through something and FO is it and JDS is the leader.
Recently, however, I parted company and sold all my JDS at just a few points below the high. This reflects a radical shift in my short to medium term view of what is at stake. If I am wrong, and since I am so public about my move, I will have to eat crow. Heck, it will not be the first time in my life. A little salt and pepper..... Heck, I reckon I'll have to eat the crow on this thread.
If I am right, I will have preserved my huge gains. And, better yet, I will be able to book back in at much lower levels. I'll also not have to lose any sleep as the market takes a tumble. If I have done the right thing, that is.
Ciao,
David Todtman |
