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Technology Stocks : JDS Uniphase (JDSU)
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To: SJS who wrote (9003)4/16/2000 10:04:00 PM
From: t2  Read Replies (2) of 24042
 
Steve, What do you think will happen tomorrow? You had made some good calls recently.

I am betting on a recovery sometime Monday or Tuesday morning.
However, it will be hard to catch the bottom so I will start picking up some bargains.

By sometime Tuesday (even Monday if it feels OK to do so), I plan to go fully invested again.
The odds of an Abbey Cohen type of strategist calling a bottom is too great---and one could lose out on major gains if one keeps waiting. It is certainly easier if margin is not used when trying to pick a bottom. However, i plan to go margin heavy if I see Nasdaq 2700 or so. I am willing place a major bet at that point using some protective puts.

My reason for recovery in the 2 days is that the online brokers have already made their margin requirements pretty strict that more damage to the "speculative" stocks is not in the cards. I don't plan to buy them. Instead, I plan to go with blue chips first.
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