I own JNPR.......TA may say one thing, but market may at it's own discretion, throw TA out the window <g>
All I know about JNPR is I like the company, like the MNGMNT, and think they have a solid foothold in a growing sector.
I am glad I bought near the lows and already sold some to lock in profits and now still hold some shares, as I wouldn't want to try and figure out if any stock is safe to buy right now, as I have gone on record as saying I think the economy and the market is due for a nice whacking.
For the record, I am not short...I dont short stocks, even when bearish...I may write CC's or play some puts, but I dont short stocks....when bearish, but unsure, as I am now, I try and stay 50% vested and 50$ cash...if we go up, I have plenty that will go up also...if we go down, I may not be happy, but at least I have cash and the Opp to buy many things alot lower....thats the worst thing about a severe correction. If you have cash to play with, a big correction could be your best friend and allow for nice gains ( assuming you buy low and sell higher <g>)......No cash and fully vested and all you can do is watch your stuff go down, but not be able to buy at discount prices, therfor missing any gains made from buying lower and/or lowering cost basis a large chunk. Look at all the folks that bought stocks at $30 - $50. Well, if they quadrupled down <g> at $5 when we are near the lows, they probably did very well by now....if not, they are probably still waiting to get back above water. Of course it all depends on the stock.....gambles and pennies could kill you averaging down, but solid companies should be bought if they go down 75-90% due to market issues and not company sepcific issues, imo..... |
