So how are you making out lately? I believe you posted the otherday that you were still kicking butt........I wish you would rub me or something...maybe some of that good luck will rub off on me.....I know jdsu is one of your fav's....I am amazed that somehow you are making money on the long side right now. You must be getting stopped out with very tight stops to minimize losses....low ball the hell out of it, get some back, sell for a quick gain and run. Obviously, you must be doing large positions to be succesful at this....anyway...I am sitting here watching all these gorillas get whacked down to wimpy chimps and I must admitt, even knowing your strategy, I am still amazed you are doing well with these stocks on the longside right now.
My jdsu is dead...the same idiots recommending buy at $120 are now calling for a 12 month $40 target...meanwhile others are saying buy it while it's cheap.....sunw getting whacked....qcom getting whacked all of a sudden after holding up nicely....heck, even my little ole safe atml is getting smacked around. RMBS....ha, I almost want to throw up when I think of this one.....what was I possibly thinking buying all those may 75 calls with lawsuits and fud wrapped around this turd like a fur coat on raquel welch?? Of course the stock is down a zillion % from where I bought, but at least it aint going to expire worthless like my may 75 rmbs calls......planned on a tight stop, but rmbs pulled one of these massive drops in afterhours one night which cut my calls so bad, I wanted to wait for a rebound to sell ( the overnight drop in rmbs stock caused the calls to lose 50%+ by open...and they have just kept going down...I never really had a chance to preserve capital on those)..........Anyway, I am not selling jdsu no matter how bad the chart looks. Heck, we just lost 30 points in the last two weeks or so......it can only go down another $32 before it hits zero<ggg>......
EXTR....another great one.....sheez......I am beginning to think that the market has nothing to do with valuation, pe's growth or etc.....the more I look, the more I see a market based on price...doesnt matter how many outstanding shares, market cap or anything else......the powers to be are simply going to drop any and all tech stocks to the $5 - $15 level....why? Because they can. They can keepdoing what they've been doing and slowly but surely before we know it, you wont see a stock over $15......sure thats great for those with cash, or those that can buy after the massacre, but what about the 90% of us other idiots that stayed fully invested in tech believing this carnage would one day end......forget margin...even if your not on margin, but are fully vested, you sre still watching your life savings disppear......that old rule preserve capital should have been followed last year.....but now, is it wise to preserve capital by selling something you bought at $150 and now trades at $20??
Anyway...sorry for the long morning rant.....But I really am curious as to what you think about jdsu right now, where it's going, and how you are possible making money, unless it is as I described at the beginning of my post, and even then, you would have to be a wizard to make more then you are losing on jdsu right now.....
keith |
