Wish I had the guts to short........well not now, but I wish I had been smart enough last year to at least do a little hedging with some shorts or puts.......right now, I am going to hold what I have and hope we are higher in 10 years<ggg>.....and keep the little bit of cash I have sitting and waiting for the stocks I want to come down to me......I'll but more sunw at $5 or jdsu at $5...maybe orcl or ntap....we'll see.....either I get something of quality for cheaper prices, or I will wait until a clear trend reversal has happened...plus....i think if we start seeing sunw, jdsu, orcl, intc and etc at $5 or so, we must at least be close to a bottom on the techs...I mean once everything is down to $5, there is only so much downside left.....not saying the bull will come roaring back and buyers come out of the woodworks, but certainly, if the najor techs get to $5 or so, I would imagine the shorts will move on to something with more upside, and who would want to start a short position on jdsu at $5....even if you think it's going to $1.....why invest in something with unlimited downside potential, but a maximium $5 upside potential....so, If the techs keep coming down and they all get under $10, maybe a bottom will be set.....just hope we dont base for 15 years at the bottom <ggg>
Keith |
