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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Rickus123 who wrote (16592)1/26/2000 10:52:00 PM
From: LindyBill  Respond to of 54805
 
Are we to believe that the market suddenly has an epiphany about the gorillas when there is a correction (or a rebound)?

I don't think the market knows a gorilla from a fried herring! It is just another tech stock to them, and the sharks were circling after the enormous rise. It will take some solid news, to move it over 150, IMO, except for a large overall market rise in tech. There should be enough going on in the course of Q's normal business to run it to a 180 bottom by late fall.

I think the optical market is going to stay hot, with JDSU, and others, benefiting. The shortfall at LU, due to their inability to satisfy their customer's optical needs, is a real signal to investors to jump into optical manufacturers and suppliers to those manufacturers, such as optical test equipment companies.

I sure learned a good lesson this month by getting too greedy. I knew, in my heart, that I should sold at least 1/2 of my Q the first of the year to diversify and have a good amount of cash on hand. I thought I could hang on and get even more and it cost me about 1/3rd of what I would have pulled out on the first. As good as I am at pulling the trigger, greed got me this time!

I am still in great shape, and have no worries on retirement, but it was one hell of a blow to my pride. I thought I could outguess the market, but Mr. Market outguessed me!

LindyBill