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

To: Hank Stamper who wrote (4518)	1/16/2000 11:16:00 PM
From: Smacs	Respond to of 24042

Actually, David, regarless of what the markets (and JDSU) do from here on in, I think you can rest peacefully on your returns. If it goes up another 1500%, does it really matter? You have to cash out a some point and this is your comfort level...right here (plus it sounds like you've done amazingly well in this stock already). Too many people hold on until it's too late and then tell stories of how well they could have done if they had sold when they had that "gut feeling". I've done it! Now, personally, I'm gonna hold on and I'll keep accumulating monthly (that "dollar-cost" buzz word) since I believe that the general trend of this stock will continue. I do however, applaude your courage to sell as the stock is rising like we're all supposed to. -sm-

To: Hank Stamper who wrote (4518)	1/17/2000 12:55:00 AM
From: fishweed	Read Replies (1) \| Respond to of 24042

David - You said: I will be able to book back in at much lower levels. I don't know if you're short JDSU but you're certainly playing the short side. fishweed

To: Hank Stamper who wrote (4518)	1/17/2000 1:01:00 AM
From: Michael Dean	Respond to of 24042

As I stated once before, Mr. Greenspan has to be very careful here, and I believe he will be. After all, he wants to control inflation and thereby prolong growth. Core inflation, with energy and perhaps medical costs removed, is very low and in some industries there is already some slight deflation - I think with incentives and extra features thrown in auto prices are actually less than last year for a comparable vehicle. Yes, unemployment rate says there should be wage inflation now based on historical data. The FIBER index, whose models are also presumably based on historical data, may also be predicting rising inflation. Until it actually starts to show up, I think all we will see will be some brief taps on the break pedal (0.25% now and then) - and some tough talk to prevent an inflationary psychology from taking hold. There may be low unemployment, but there is still a lot of underemployment, and there is lots of low-priced labor offshore to replace some of the lower paying jobs in the US. I hope I'm right because I can live with 2-4 % inflation, but deflation scares me. That's not to say I don't think that some of the .com stocks are at crazy valuations, or that I think JDSU will continue at 800% per year, but this is a stock that given current circumstances I expect I will still be holding 5 years from now and be satisfied with the return, though I may have to take some profits soon, just to maintain a reasonable balance in my portfolio.

To: Hank Stamper who wrote (4518)	1/17/2000 8:00:00 AM
From: Bill Holtzman	Read Replies (2) \| Respond to of 24042

Good for you taking your profits. However, my perception (if you want it ) is that you got spooked by the meteoric rise. This company is grounded in two fundamentals: Fundamental #1 is the science. Broadband means fiber. Fat pipes must be made of glass in the end. I'm buying into KK's belief that JDSU has a tremendous lead in the fiber components area, that the barriers to entry are high, and that JDSU will dominate the market for years. Fundamental #2 is the growing, insatiable appetite for bandwidth. I believe in this bandwidth revolution, and I believe that now and for the next few years the only limitation on the demand for fiber networks will be supply. Price is/will not be an issue. A better scenario for soaring profits could not be imagined. A monstrous earnings blowout will help confirm my beliefs. If I were you I'd keep a few shares anyway or at least buy a far out call option just so you can still enjoy the ride. Ciao!

To: Hank Stamper who wrote (4518)	1/17/2000 9:32:00 AM
From: Jimbo	Read Replies (2) \| Respond to of 24042

David - why sell at all ? Unless in an IRA account Uncle Sam will get his fair share. Why not sell calls on your holdings. With earnings coming up and a split in Mar why not wait until nearer these events - IMHO more upside before any selloff !

To: Hank Stamper who wrote (4518)	1/17/2000 3:16:00 PM
From: Jill	Respond to of 24042

I appreciate your honesty about your moves, David. That would explain the extreme of your conviction. I detected a softening on Greenspan's part in that speech. I read it as an acceptance of a revolutionary time, and of course a mandate to still "control" a runaway aspect of the market, but neither does he want to go down in history as putting a major dampening effect on the best growth Amreica has seen. He'd rather be seen as responsible for guiding the longest bullmarket in history. If one were going to bank on any high tech stock this year it would have to be JDSU. Curious why you didn't take some off the table and leave the rest on--? Could still have protected a significant portion of gains, while allowing yourself to partifcipate in a further runup. And if a correction, to get back in cheaper. Usually people try to hedge positions. In any case, I've got some genuine concerns since my calls ar March. So for me it's even more pressing to decide: do I want to sell and protect gain sthat oculd really evaporate? Do I want to wait for the split and have many more calls? Again, I'll probably do a bit of both. Jill