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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Katherine Derbyshire who wrote (5676)	6/18/1999 12:03:00 PM
From: BI*RI	Read Replies (2) \| Respond to of 7342

Well, now we have a couple of downgrades. We may be out of the woods after all <ggg>. Marc biz.yahoo.com

To: Katherine Derbyshire who wrote (5676)	6/18/1999 5:02:00 PM
From: Farfel	Read Replies (2) \| Respond to of 7342

Then SELL Catherine: there is also a maxim which says: "Scared money never makes money." And as for your quoting Lynch exactly where does he say:"...(as I think Peter Lynch said) just because the stock goes up, that doesn't mean you were right. Just because it goes down, that doesn't mean you were wrong."----I read most of his stuff and never heard him say that. And exactly who ever told you that:" just because a stock goes up it doesn't mean you're right"----that's the most muddled concept I have ever heard. Of course it means you are right if "stock appreciation" is your goal. Luckily this is not a humanities class in which every opinion is considered only as valid as another opinion: in this arena there is an objective result and standard by which our opinions are tested---the price of the stock (and that is something which Peter Lynch does agree with and so does William O'Neill) and if the price of the stock advances more than 20% within 8 weeks of purchase, you should hold on to it until the fundamentals break down----this is also affirmed by O'Neill, and Lynch. But more important: following your advice, I would be sitting on the sidelines now instead of having the benefit of another 4 dollar move up in the stock---so my opinion IS right----at least for the time being in that my account has increased whereas following your lead it would be less. And I am not in the market for artistic concerns, but to make money; and stocks, contrary to your view, are as good as "in the bank"----did you ever hear of using stocks as "security". Please spare us the excuses. You are wrong----so what. I have been wrong----but I don't try to explain it away with "flim-flam". I just "cut my losses" and move on. But then, maybe that's a man's way---logic; whereas a woman "follows her guts"----if you try following your guts in this market Katherine, you will have them "shot to bits" more assuredly than if you did a tour in Nam. Discipline is the name of the game, and not thinking you know more than you do. I don't profess to know many stocks, but I usually know what I own. And I have owned either Tellabs or derivatives of Tellabs for over 5 years a minimum of 400 times-----there is value to experience. And even following the technicians model, Tellabs was on a buy signal when breaking it's recent high at 63------O'Neill says to not go out more than 10% off the base so really you should already be positioned in Tellabs, not buying more. But in my mind, it's never too late to buy Tellabs LONG TERM. My brother's broker got him in at the exact high last January at about 87-------was he wrong to buy----he is only up 54% on his money in these past few months. And so will anyone who buys and holds Tellabs----but then some people wouldn't recognize 1 of the "Great Growth Stocks" if it reared up an bit them. And my point still holds: When would you have sold Microsoft. I did because I was young and my "guts" told me to-----if I had held, I would now be retired. I won't make that mistake with Tellabs.

To: Katherine Derbyshire who wrote (5676)	6/18/1999 5:24:00 PM
From: Farfel	Read Replies (1) \| Respond to of 7342

Show me where Lynch said that Katherine: I have all his books and never read any such thing. He did say that just because a stock goes down, doesn't mean that it can't go lower. But then, what has that to do with Tellabs??? What Peter Lynch did say was that you should hold onto a stock as long as the fundamentals remain solid. And he also said: "Earnings drive the market"---- I am sure even you Katherine have seen Lynch say that on TV. Now, considering that Tlabs has 31 straight quarters of "up" earnings Katherine----what do you think Lynch's real position would be----to clip and run early. Another of your favorites O'Neill said that one of the worst mistakes most investors make is to sell their winners and keep their losers. O'Neill also said that another major error was for investors to sell a great stock too early. I think you are violating both of their rules Katherine by suggesting selling to others; especially if you really are Long (which I doubt) and a long term player. If so, why are you concerned, you are on a solid base. Another principle of O'Neill is to set a "stop/loss" at about 8% maximum, below your entry point into a stock. If anyone has entered recently since the split, Tlabs hasn't gone down 8%. So there would be no reason for taking profits now----especially when its historically making another run due north. If someone wants to lock in profits, they could set a stop/loss underneath the stock --- but then be prepared to miss any future up move----like the 4 points we would have missed if we had followed your advice Katherine. Meantime, Tellabs is looking great at this time----the MM is running it up precisely at the right time----prior to mutual funds getting a "fresh load" of money for the new month, and also while their is still negative sentiment due to the upcoming interest rate hike on June 30th-----the mm is very smart----running up the price while many sit on the sidelines or are so scarred from the recent plunges that they have been convinced to "sit out" until the market looks good again. The time to buy is when there is "blood in the streets" and I will probably sell if Katherine ever says that she really feels comfortable in this stock. :-)