Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MileHigh who wrote (8355)	4/4/2000 11:47:00 AM
From: lawdog	Read Replies (1) \| Respond to of 24042

Selling into a downtrend is usually a mistake unless fundamentals have radically changed. My experience has been that when you feel that selling pressure, it's best to buy some more. Buy when blood is running, sell when confetti is flying. We've seen this kind of activity in the techs many times before in the past few years. It's very healthy for the market. Cleans out all the margin and options speculators. But it's a great time to spread yourself between short and medium term options and leaps. Short term to catch any bounce, medium to catch the reversal, and leaps to the return to hyper buying/overvaluing tech stocks. It's a process that repeats itself over and over. I've gone from 75% old economy (BRK, C, GT, FTN etc) to 75% tech. Here's the calls: 2 UCQ Jan 2002 100s 8 UCQ Apr 105s 4 UCQ Apr 110s 1 UCQ Sep 105 Hopefully this same strategy works this time.