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Technology Stocks : JDS Uniphase (JDSU)

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To: freeus who wrote (10564)5/26/2000 11:38:00 PM
From: Spreck  Read Replies (1) of 24042
 
Freeus
Re Bear market... I have made a few trades in the past few weeks, every one of them a loser except SCMR, Last week just before earnings... Today I sold my 316 shares OF JDSU @ average cost 54.... I also sold My QCOM today. Can not really figure my original cost on that one. Or i just do not want to go back and look at it. I bought it just before it gapped up and ran wild. Ralph Acampora came out on T.V. last night and made a very bearish comment about the stock.... This morning CNBC made more negative comments on the stock China and Korea.... I have had enough.... And have suffered the same round trips as i did on AOL and several others QLGC HGSI VNTR SQST. Lost a fortune on several.... Although I am still ok with my account balance. It is no longer any fun.... I do not believe much of any one is enjoying these markets of late and the simple facts are in front of us all. Mr Greenspan will continue to raise interest rates and the market will continue to trade as it is.... It seems to me that I might prosper a great deal more if I would just wait till there is a confirmation that Mr Greenspan is done raising rates... I plan on liquidating everything I own on the next up day or so as this is a very challenging time. I choose to not be in, at whatever cost it is to me. Just do not like the every day downward trend. To be quite frank, its just to damn depressing. Why be in?
So there you have it Mr Grennspam has taken the froth out of the market and this good thing will continue to be good for the market.... ho ho ho... I just can not take the pain any longer..... Again I will probably lose even more as the market will rally but who knows..
Yes looking forward as always to any get together with the wonderful people of SI...Please tell me when we should have our Southern California get together... I will be there for sure
Scgaryinv
Spreck
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