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


To: Lee who wrote (7818)3/17/2000 1:22:00 PM
From: Brian P.  Read Replies (1) | Respond to of 24042
 
Thanks, Lee.

I'm duly cautious about the valuation on this stock and where it's going near-term, but, looking to the long term, I'll be happy to not sell this stock until 2010. I will, I guess, in the future pay more attention to how far JDSU gets away from it's 50-day moving average, given the way it just jumped out above it, snapped back down, and then bounced off it. But even then, I would have had to have almost perfectly timed a sell at the top and a buy-back at 115 to really come out ahead when I figure tax consequences. I think these people here who show up day after day saying, "I just bailed...I'll be back when...I just jumped back in..." are missing the forest for the trees. But I have a cost-basis of $26. I'm glad I wasn't paying somebody $150 for it a few days ago. These are strange times.