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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: fishweed who wrote (1790)	11/5/1999 10:52:00 PM
From: Hank Stamper	Read Replies (2) \| Respond to of 24042

"The problem with these gorilla stocks is you can't recognize them for what they're going to become when they're young and simply won't hold them to the end....case in point. I watched JDS Fitel(before the merger with Uniphase) drop to around $16 Canadian....bought and rode it up to around $35....sold for a double and patted myself on the back ..." The problem is not with the stock. The problem is with one's investment rules. I submit, a stock should only be sold under a limited number of conditions: 1. The future prospects for growth are poor. (Not JDSU.) 2. You find an alternative company with better growth prospects. 3. You need the money. 4. The price has risen so much that your portfolio is out of balance--i.e., over-weighted by a particular issue and so you sell to re-balance. Notice what is missing from my list: 'sell if the price goes up' and 'sell if the price goes down.' On the former: if the price goes up and future growth is good, why sell if you are a long term investor. On the latter: why sell if the price goes down so long as prospects for future growth remain strong? In fact, if the price drops you have the opportunity to pick up more shares at a better price. Ciao, David Todtman

To: fishweed who wrote (1790)	11/6/1999 3:01:00 AM
From: freeus	Read Replies (2) \| Respond to of 24042

I noted David's response and also... "The Gorilla Game" suggests buying a basket of companies in the industry you see as the leader and then slowly eliminating as it becomes obvious who will be the leader. I dont know how easy that is to see, however, but if a stock doubles and is still achieving good earnings growth perhaps that is a sign it may be THE one. However, easier said in retrospect than before the fact. Anyway, here we are and let's hope for a wonderful future for JDSU, not matter how many or few shares we have. Freeus