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Strategies & Market Trends : Groundhog Day
QQQ 611.67-1.9%Nov 6 4:00 PM EST
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To: Outer-limits who wrote (4073)5/10/2002 11:54:38 AM
From: mph  Read Replies (1) of 6346
 
<< You don't make much sense kid, not much sense at all. I'm not suprised!!! >>

I guess logical logic wouldn't make sense to you.

With an average cost "in the low 7's" on JDSU,
which is currently trading under 4, I wouldn't
say that you got in "near the bottom." You paid at least
100 percent more than what is likely to be the bottom.

Beyond that, while there is some merit to bottom fishing,
the key is to select the right company. Some stocks
are decimated for good reason. JDSU is likely one
of those.

I suspect that you would be lucky to break even,
and then only if you average down.

Good luck to you.
You're gonna need it.
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