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Technology Stocks : JDS Uniphase (JDSU)

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To: Sunny who wrote (6921)2/29/2000 4:08:00 PM
From: Jarhead  Read Replies (1) of 24042
 
I have done that before, a basic sell half when it doubles so you are only playing with the other guys money, however it does not let me know the proper place to exit. I sold ICGE all the way up and cashed out before the split. I left big money on the table although it had hit my GTHO (GET THE HELL OUT!)level. I REALLY try not to leave big money on the table although I am always happy to give the other guy the 10% if I can keep the 90%. I recently repurchased ICGE at a lower price and expect a 50% profit by year end and a relatively stable ner term price given the lock up ending. The point is Kenny Rogers is right, you got to know when to hold them and when to fold them. I do not like to make those decisions spur of the moment or on some arbitrary figure. I want reasons to sell and a number. If the reasons change, so will the number. After a 60% gain in a two month time frame, even my eyebrows have begun to rise. Time to think of when to walk away and when to run.
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