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Non-Tech : The Critical Investing Workshop
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To: Uncle Frank who started this subject7/21/2000 2:38:02 AM
From: djia101362  Read Replies (1) of 35685
 
RR, I'd like to know your opinion on covering JDSU in the next few days.

I like your thinking that you should take your profits when you got em. Anyone that has been in the market for any length of time knows what greed can do. Many of us here have been through the Q's meteoric rise last year only to watch all of our profits evaporate, and for some even turn in to massive losses.

As much as I want to see JDSU fly off the charts in the next week, I realize that this windfall is artificial. The S&P buying will eventually dry up and JDSU will once again trade on its fundamentals. I honestly don't know that JDSU is worth the $150 or more many are hoping for. The SDLI merger is a big load to be pulling, the market is still looking for direction, and no matter how good JDSU earnings are it probably won't be good enough.

The only reason JDSU is going up right now is the S&P announcement and I'm not foolish enough to go hyping this stock up to $170. Personally I think JDUS overpaid for SDLI even though I do have a position in SDLI too.

Everyone and there mother seems to think JDSU will peak next Thursday and the buying will climax at the close on Wednesday when most S&P funds will be buying.

I painfully sold YHOO last year after the S&P announcement thinking it could not go up anymore only to watch it rocket $68 the very next day. I will not make that mistake again and will at least wait until late next Wednesday to write my calls but I know that it is something I should do, I just hope I'm smart enough to do it when the time comes.
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