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Non-Tech : The Critical Investing Workshop

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To: unclewest who wrote (16931)4/29/2000 2:18:00 AM
From: djia101362  Read Replies (1) of 35685
 
Unclewest, I hope you don't think I was trying to stir up a hornets nest with you. I'm just trying engage in thoughtful discussion and point out that everyone has a different opinion of the same situation. I think your definition of a reasonable P/E and P/S and my definiton are probably miles apart.

I admit that I live by the sword and die by the sword and I myself have seen a good portion of my nestegg vanish in since the beginning of March. But I also know that had I gotten gunshy, I would have missed the great buying opportunity that was presented to us early this week.

I have been around long enough to know that if you're not in the market you cannot come back. You can also lose what little you have left and I realize that too.

I use margin probably more than I should but was lucky enough to have lightened up when I saw trouble ahead. That doesn't mean I escaped injury because I certainly did not. But I also know that technology is the future and the brighest companies in this area HAVE high P/Es and high P/Ss. I suppose that is the price you pay for growth.

I think most people that frequent the porch tend to be more aggressive investors than not. QCOM which is the dominant stock of discussion here is certainly not a low P/E P/S stock.

My largest holding by far is JDSU and I'm quite sure this stock does not light up on your radar screen of screaming buys.

Have a good weekend and I'd like to hear your thoughts on stocks like JDSU, QCOM, and NTAP.
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