JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: The Ox who wrote (20401)	6/15/2001 4:41:50 AM
From: unix_daemon	of 24042

The point missed: cut your losses. The point Pat Mudge missed: good product doesn't equal good stock. The point her followers missed: a well- articulated spokeswoman who can intelligently discuss fibre optics is not a stock picker. It doesn't really matter though, Michael, why a stock goes down. The mark of a good trader/investor is knowing when to sell. No one is 100% correct in their stock picks. Everyone makes mistakes. Before you buy a stock, decide in advance the price you will sell at if you are wrong. Define what is "wrong"; that definition is based on a recoverable loss. A recoverable loss is 7-8%. Quite simply, if a stock drops from your purchase price, there is a great chance you were wrong. If the market confirms that you are wrong, cut your loss at 7-8%. All of the above points were raised on this thread, but were ignored by the bulls. And why should I continually visit this thread when FESHBACH_DISCIPLE does such a great job?

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