| Thanks George.....yep, still holding jdsu and rstn....have very low cost basis, so am in no hurry....am hoping rstn gets bought as the industry consolidates...JDSU, well, I cant think of much good to say about the company, except they have alot of cash and no debt......other then that, things look very bleak for them in the near term, although long term they should be ok, as they have the cash to weather the storm.....who knows, I may bail on one or both, but only on a pop....and at these prices, why sell? I have time...if they go under, they go under...if they come back, they come back.....People here me mention a 20 year time frame.....well, thats just me....at 38, thats the time frame I am looking at.....but that doesnt mean a recovery doesnt happen sooner...as horsegirl pointed out, 20 years is a long time...we could see several more bears and bulls in that time period...so for those a little older all I can say is good luck, keep the faith, and if you dont have the faith that market will rebound in your particular time frame, then I wouldnt be buying anything at any price...a 2% savings account is better for those with no faith and a small time frame......anyway, I wish the best for everyone....I'm tempted to buy some more of my favorites, but will let dry powder slowly build up and then if we get that mother of all RED days everybody talks about....I'll be buying....and George....I hope you are not messing with margin in this market....maybe if naz hit 500 I would maybe use 10 or 20% margin, but using margin in such an ugly market is not a wise move....good luck to all |
