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Technology Stocks : JDS Uniphase (JDSU)
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To: jmac who wrote (18953)2/21/2001 6:42:07 PM
From: t2  Read Replies (3) of 24042
 
I have lost 75% of all of my different portfolios over the past 13 months. I am just sickened. But, I know that in the next 2 years, this whatever you want to call it, will all be history. Some companies may not make it but there are names out there now like GLW and JDSU and AMCC and INTC that are sure doubles if not triples over the next two years. I have taken what I have left and gone to Jan '03 Leaps.

jmac, Consider yourself lucky to be down only 75%, based upon stories I have been hearing. I guess you are giving yourself a long time horizon but might want to diversify a bit with possibly with a pick in another sector.
In any case,it might be a good move to go with 2003 calls as it gives you a lot of time although a case can also be made to stick with stocks until we see the turnaround starting and then buy the 2003 calls but of course calling bottoms is too hard.

FWIW, I am calling this a bottom since every investors seem very nervous about tech and markets in general. The US is not Japan and will be pulled out of this very soon.

Toughest market I have ever seen compounded by the problem of too many people started trading online in the last 2 years and now the trend has been reversing with very negative consequences on the Naz. Hopefully, we are close to an end on this.
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