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


To: Mephisto who wrote (3523)1/2/2000 6:44:00 AM
From: nihil  Respond to of 24042
 
OT: I sell some Q (in my IRA) every time it goes up 10 points (after the split) and buy it back when it goes down 20 points. Typically, I try to sell high and buy low. That little excursion last week on the China XING scare, made me a bundle. I bought until my brokers squealed, raised some more cash and bought some more. Sold some at 180. Trading options too. You can't just sit there on these skyrockets. I would use smaller limits, but I'm lazier than I am greedy.
I have not previously covered Q publicly, but I will now say that my target for Q is $30,000 for 2001. (No one has gotten to me yet, but I am always open to offers). My Q holdings have increased 50 times over the last 14 months. I hope they will increase another 50 times this year. Based on my experience, this seems reasonable. Of course, I have been wrong before, and your mileage may (probably will) differ.