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

To: Ned Land who wrote (3498)	12/30/1999 12:08:00 PM
From: Ned Land	Read Replies (1) \| Respond to of 24042

Wrong! Dec 30, 1999 Go West, Young Man By James J. Cramer Old economy vs. new? Or old rules vs. new frontiers? Sometimes I feel like one of those Easterners in the 1850s, trying to figure out whether to go west for the big stake or stay put for the small potatoes. The contrast couldn't be greater. On Tuesday, West meant buying some more JDS Uniphase (Nasdaq:JDSU - news) for a trade on a split to go with the momentum. East meant buying some Anheuser-Busch (NYSE:BUD - news) off a call from Morgan Stanley that the stock had gotten too cheap. These were the two trading ideas I was playing with at the opening. As is often the case, price ended up prevailing, which ironically meant that I bought JDS up 4 rather than Anheuser up a buck and a half. I bought JDS because even though it was roaring from the get-go, I figured it could advance more. It did. And I got a nice little gain. (I kept my core position, which finished down badly on the day, but that's another story.) And Bud? Well, Bud just opened up too high to play. Bud is an Eastern Old-World play, and that dollar and a half is about all you could expect from it. It is highly unusual for Bud to put on more than that gain. In the world that I am in, you can't buy Bud up 1 1/2 and expect other buyers to take you out of it. Sure enough, Bud did not let me down. It fell from the opening and closed near the low. It would have been a terrible daytrade. You can buy JDS up 4 with the expectation that there is more ahead. You can't do that with Bud. (The whole article is available at Yahoo!)