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Technology Stocks : JDS Uniphase (JDSU)
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To: KMcKlendin who wrote (20596)6/21/2001 6:35:15 PM
From: michael97123  Read Replies (1) of 24042
 
"One of my pet peeves, and something which I cannot
disagree with strongly enough is this idea--one should not buy a great company cheap because it is "dead money."
Impatient investors that would rather gamble on unpredictable short term price movements rather than allow a great
investment opportunity to mature are (in my opinion) very mistaken.

I couldnt agree more with this statement regardless of the stock it is applied to. The dead money argument indicates no long term perspective for the investor. It may be fine for a trader but not for an investor. And secondly, dead money often implies little downside but much sideways movement. That provides some protection as other groups cycle down in a bear market. Also a beaten up jdsu at 10 can move a mere 5 points in even a bear market rally which could end up being a superior return to a 200 point nasdaq rally. A few days ago oracle was dead money. Now it is 25% higher.
The only caveat is stick with core tech companies and avoid the next lucents that exist among them. Mike
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