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

To: pat mudge who wrote (4513)	1/16/2000 4:39:00 PM
From: Lee	Respond to of 24042

Hi Pat,..Re:.I believe in taking profits, but only on portions --- never all. Don't like the risk of being out when the market surges. And long-term, JDSU has "winner" written all over it. I agree. Earnings are supposed to be great this quarter, plus add to good earnings the enthusiasm surrounding mergers, and the fact that the economy is healthy and growing, it's difficult to see any kind of major roadblock ahead in the near term. On PEs - The analysts keep raising the earnings targets on both SDLI and JDSU, so can we assume the market was already correct in the stock prices and the analysts are just catching up?<g> siliconinvestor.com Finally, it boils down to how each of us discounts risk. Alan may have a valid point.<g> Measuring Financial Risk in the Twenty-first Century bog.frb.fed.us There can be little doubt that the dramatic improvements in information technology in recent years have altered our approach to risk. Some analysts perceive that information technology has permanently lowered equity premiums and, hence, permanently raised the prices of the collateral that underlies all financial assets. Cheers and smiles, Lee

To: pat mudge who wrote (4513)	1/16/2000 9:44:00 PM
From: Hank Stamper	Read Replies (6) \| Respond to of 24042

Pat, You are absolutely right. I have expressed concern that the stock is over priced many times in the past. I have often warned people that the risk appears greater than the potential for reward. The stock has simply gone up, however. I agree with you that people should realise that I have held this opinion for over a year and my recent postings are not new! (In the past I have often pointed this out in my postings but failed to do so this time. Sorry.) Let me clarify something further: I am not a 'money under the matress' guy. I have been invested in JDS for long enough to have seen over a 1500% increase over my original purchase price. I was able to stay invested because I got in when the stock was, in my opinion, not over-valued and the risk/reward potential was very favourable. I also believe this company is one of the stars of the decade--the internet traffic has to go through something and FO is it and JDS is the leader. Recently, however, I parted company and sold all my JDS at just a few points below the high. This reflects a radical shift in my short to medium term view of what is at stake. If I am wrong, and since I am so public about my move, I will have to eat crow. Heck, it will not be the first time in my life. A little salt and pepper..... Heck, I reckon I'll have to eat the crow on this thread. If I am right, I will have preserved my huge gains. And, better yet, I will be able to book back in at much lower levels. I'll also not have to lose any sleep as the market takes a tumble. If I have done the right thing, that is. Ciao, David Todtman