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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Lost1 who wrote (2090)	11/24/1999 12:54:00 PM
From: Augustus Gloop	Respond to of 9427

It is high but read this: Jim Cramer's comments on Street.com: We are in the presence of greatness. We must acknowledge it and pay homage to it. We must glory in its strength, in its obliviousness to all that is around it. We must respect the power of this move. If you haven't guessed which stock I am talking about, you haven't been paying attention to this market. The praise, of course, is for the beautiful work that JDS Uniphase (JDSU:Nasdaq) is doing in its run to -- I don't know -- 300? To 400? We own 2,500 shares of JDS Uniphase, a stock Matt "B2B" Jacobs brought to our attention during his Matt "Fiber Channel" Jacobs period. (Yes, that is kind of like Picasso's Blue Period, except it makes you more money.) We can't part with it. We are too in awe of it to part with it. Of course, our scale method, where we sell a little bit at each new level upward, hurt us badly here. We expected a pullback where we could replace the stock we sold. We never got it. When I see moves like this I am always reminded about how much better the individual can do than the institution. I am not rationalizing, but I could never have held on to a huge slug of this -- it would have been my whole portfolio. But it's possible, and I'm sure probable, that some individuals have caught this whole move, particularly those not inclined to take profits. Lately, I have been getting pushback from the media saying that the do-it-yourselfers are outmanned and ohad to do with JDS Uniphase.