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Technology Stocks : JDS Uniphase (JDSU)

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To: Tunica Albuginea who wrote (4731)1/19/2000 11:03:00 AM
From: Nichols  Read Replies (2) of 24042
 
Tuna- you have been in 100% cash for a few days now right? You are expecting a big crash, right? I am not disagreeing that a correction will come-maybe in a month/week/day.But you being in cash and waiting for a huge correction is the exact reason why no one should time the market. You've already missed a 10% run up on JDSU. Could run up another 10% before earnings. It WILL be added to S&P one of these days. So, you could very well miss a 30% run up, in anticipation of a 20% decline. Yeah, that makes sense to me. Me- I'm not that smart. I latch on to a totally dominant company, in an exploding industry, with great management and put my stock certificate in a shoe box and forget about it for about 5 years. And when it dips by 30% and buy more. Best of luck!
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