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

To: Hank Stamper who wrote (5508)	1/28/2000 5:22:00 PM
From: t2	Respond to of 24042

David, I agree with a lot of what you said about selling and taking profits. If it goes higher, all you miss out is the extra gains. Those that have been buying on margin could be in some trouble which could spillover into the rest of the market ---specifically the high fliers like JDSU and QCOM. The margin fear is probably making the fund managers wait for better prices. Even though i believe JDSU is still just in the beginning, the individuals buying QCOM may also hold a lot of JDSU. That part was a concern to me. IF they see their Q going down, it would be very troubling to them and would be tempted to sell JDSU as well (out of fear). For this reason, i decided not to hold risky options or have too large a position in this stock. It is still my largest holding but i am sitting on cash as well. Lucky for me, one can't have margin on RRSP (retirement) accounts. Overall, i am probably invested as conservatively as i have ever been. I had a tendency to go risk it big time. I have been questioning why did Microsoft not drop much today? It is probably no longer a favourite among individual investors and the fund managers are well aware of these things. I have to say that there is fear out there, probably created by the huge gains of December and the fall of QCOM, YHOO, AOL etc. This is probably the highest degree of fear i have seen in about 1 1/2 years. People are afraid to lose the huge gains they accumulated--leading to profit taking even if was not at the highs. JDSU is still a "bright" spot. I believe it is higher than it was at the beginning of the year. That is certainly good thing---when the market(Naz) reverses, it is likely to have exceptional gains. In the meantime..... good luck. (and again congrats on a well timed move-- you were right, at least in the short term)