It is important that we have reasoned arguments, such as David's, on both sides of the fence. JDSU will not maintain its growth rate forever - if it did it wouldn't be too many years before its value would exceed the total capital of the NYSE. (I didn't bother to calculate it, but I bet it's less than 30 years.)
This won't happen, either the market will saturate, the company will stumble, or a technological breakthrough will obsolete its products. Whether we buy, sell or hold is based largely on how long before we see one of these happening, or perhaps on changes in our own investment objectives.
I saw JDS early at about $5 (all split adjusted), watched it double and decided I had missed the boat. I finally bought in about Sept at about $55 and here we are at $212.
I am a buy and hold investor, but sometime in the near future, I will end up selling at least some fraction of my holdings because it will have become too large a portion of my portfolio, even though I think this is currently the best stock I own.
Knowing this, I am keen to hear all opinions so that I can time this reduction as best I can.
What I don't like to see on any threads are unsubstantiated claims, personal attacks or unreasoned enthusiasm.
So far this is a pretty good thread and has a fair amount of technical input from people in the Fiber and Telecom industries, as well as a variety of investment styles.
Hope it stays that way and that David continues to be a Devil's advocate.
Cheers,
Mike |
