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

To: Jack Stirling who wrote (6005)	9/9/1999 8:07:00 AM
From: Baldwin	Respond to of 7342

Jack, I realize your question is addressed to Dave (and i look forward to his response). I couldn't resist putting in my two cents here tho :) A broker that sells "no matter what" on a drop of 8% assures himself of commissions, but if he did that to me on TLAB (as well as any other fundamentally strong stock) I'd drop him AND his firm IN A HEARTBEAT for having such a narrow focus. Further, if that broker has his client buy that stock back..............hmmmmmmm......he earns the "sell" commission during the 8% drop as well as the "buy" commission. In addition, that broker is totally ignoring any long-term strategy. Simply put: that broker's emphasis is compatible only with a certain type of investor.

To: Jack Stirling who wrote (6005)	9/9/1999 11:20:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 7342

*OT* >I know a broker who sells no matter what if there is a drop of 8%. does he automatically sell at +25% no matter what too? if so, dump him (if he's yours). and tell him to lose the CANSLIM manual while you're at it.

To: Jack Stirling who wrote (6005)	9/10/1999 4:54:00 AM
From: flickerful	Read Replies (2) \| Respond to of 7342

jack...all. a brief word from a long standing lurker: i have always enjoyed reading this thread, even if i have not made myself known until now. i would suggest your "broker's" rule of sale [ or his approach to "stop losses" ] resembles more a "trader's credo", or a personal trading style, than a formula on which to base any advice on how to approach your TLAB investment... notwithstanding the below daytrader's model portfolio: i would maintain TLAB is a long term investment. your broker would behoove himself to generate fees elsewhere. [ after all, consider the most recent among a spate of analyst nods, for what it's worth: 8/30/99 JP Morgan reiterates buy, consistent ability, to win against the giants ] i would let TLAB percolate, and look to add to your position. regards to all, flick

To: Jack Stirling who wrote (6005)	9/10/1999 7:52:00 PM
From: Farfel	Read Replies (1) \| Respond to of 7342

Jack, I too would like to suggest that your broker is operating on the "Canslim" principle of O'Neill----and this is a good discipline if the "buying point" is correct. Your "buying point" perhaps was not correct. Perhaps you were not at the "pivot point". If you are a buy and hold investor----don't worry about Tellabs---or at least give it until the earnings date in October (week of the 15th of October)----I think you will see it much higher just before October 15th than it is now----keep in mind that it has 32 straight quarters of earnings which have either met or beat analysts expectations. Buying and holding is the best for non professionals like you and me; in fact, some professionals such as Warren Buffet haven't done so bad doing it either. At least give Tellabs until after the October earnings and then see what you think. Good luck, Farf