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Technology Stocks : JDS Uniphase (JDSU)

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To: Boplicity who wrote (8177)3/31/2000 11:29:00 AM
From: t2  Read Replies (1) of 24042
 
Greg, You could be right but I doubt it. I am just trying to pick my options opportunities. Gains in stock price is not really how I make money. I usually go for the options at the right time. Now is the right time, IMHO. I am reluctant to play short term options on JDSU but the big caps (NOK, INTC, MSFT), it is a no brainer and that is where i have focussed. However, I have still bought long term calls on JDSU recently.

The most money is really made on the explosive upward moves in my case. I watch the drifting down of stocks like JDSU and try to guess at the most sure bottom. If i get it within 10 to 15 points---i am happy. In that scenario we could even hit 100 momentarily but i would not care. I am looking more than 1 week ahead.

Do you not notice the wave after wave of bears on CNBC talking about the market getting rational..blah blah blah.

If you remember the past selloffs---the bears came out with their incredibly gloomy predictions. To me that is too good an opportunity to pass up and not buy. The fear factor they are able to generate is an important factor in my decisons. I am noticing it here on SI and other message boards.

Remember there are also a lot of people that could be short this market even while inflows into tech funds continue.
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