Hi George.......I guess I am holding up about the same as anybody else that has remained long qcom, jdsu, sunw and etc, etc........
My only regret is that I did not think it would ever get this bad, and therefor, I am not in great shape to take advantage of the situation. The ideal situation to be in right now is heavy cash, so you can slowly start buying in, without worrying about further drops. I mean look at sunw and jdsu for example....both are under $15 now arent't they....well, if you were cash heavy, you could start building nice positions in quality, and not worry about if we go up or down short ter,.....buy some now...if we have hit bottom, you'll be onboard and can always buy more after the trend reversal is confirmed, but regardless you dont miss the boat......if we go lower, well more cash would just allow for more sunw or jdsu at $5....now I dont know much, and I dont know if this bear sticks around for 3 months or 30 years, but if sunw and jdsu arent worth more then $20 in $30 years, my guess is it wont matter what you have.....it will all be worthless.........
anyway...hang in there......jdsu and sunw are two keepers...at least down here they are...if I didnt sell them considerably higher, I will not sell them for $12, even if they go lower.
Keith, wishing he had cash |
