I got into this based on cobot and would go out if he says so..<<September 12, 2000
ISW Sell Bulletin
Today we are recommending the sale of the rest of your SDL
(SDLI) shares. The stock has weakened markedly since the
current correction began, due in large part to JDS
Uniphase's (JDSU) weakness. While we have little reason to
believe business at either JDS Uniphase or SDL is anything
but fantastic, the poor performance of each stock is
telling us that perception is changing.
On July 27, we said to sell half of your SDL shares,
locking in a profit of around 190% since our initial
recommendation. Now it's time to sell the second half of
your position for a profit of around 135%.
Separately, the Internet Index finished down five points
today, which places it eight points below its 50-day moving
average. In our opinion, this is not a decisive break of
the moving average, and thus Cabot's i-TIMER remains
positive. In fact, this selloff appears relatively normal,
as the uptrend that began in May remains intact.
Regardless of what happens with the i-TIMER in the days
ahead, you should be focusing on your stocks. Be sure to
cut your losses short, hold on tightly to your strong
stocks and sell those winners that are losing their
sponsorship.
So you should remain bullish in regard to Internet stocks.
This correction probably has further to go before it ends.
But focusing on the longer-term uptrend (and hence staying
heavily invested in strong Internet stocks) is your best
course of action.
There are no other changes in our ratings.>> |
