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To: Clappy who wrote (12980)	4/13/2000 8:26:00 PM
From: Eski	Respond to of 35685

To: Steve Warkentin who wrote (8769) Good Post from the JDSU Thread:: From: Chris O'Connor Thursday, Apr 13, 2000 8:18 PM ET Reply # of 8777 I guess many people here weren't in the market in 1998. The same type of drop occurred in October. The NAZ dropped 30% at that time. CSCO, DELL and JDSU among others dropped about 50% during that time. The argument was that techs were overvalued. Gee, that sounds familiar. If you bought these stocks at their highs BEFORE that selloff, you still would have made alot of money. Why, because in the long term, the good stocks will recover and make you money. If you have held this stock through the first 20-25% of this NAZ collapse, you would be a fool to sell now just like those who sold those great companies in 1998. I love these one line posts that state, "I'd hate to be long" or "their is more downside left". How insightful. It seems like those people haven't learned much from 98 or 94 or 90 or 87. Check out your history folks. The GOOD companies come back very quickly. I guess the Fiber Optic sector is going to dry up because of this selloff. The productivity gains and cost savings that result from technology will dry up with technology spending. After all, things are tough and companies are going to stop spending money. What is the first area they cut spending in, the areas that increase productivity and reduce costs??? NOT How much down side is left? I won't guess like others because I don't know and neither do they. All I know is that good companies make you money in the LONG run. This is a GREAT company. I can't tell you what is going to happen in the next week or month but I can pretty well guarantee that the return you will see in the next 2 years by holding this company will be MUCH greater than if you sell and put your money in the bank where it is safe. Greenspan has been put on alert about his comments regarding the market. Bunning was great about that. I'm sure he is going to be thinking more about how his actions will affect the stock market. This should be good in the short term. In the long term, all will be fine. Sell if you don't believe in the future of Fiber Optics but don't sell because of panic. When things turn around, history has shown it can occur very fast (unless oil is involved like in the early 70's). The downside risk is much smaller than it was 3 weeks ago. You have lasted this far, how much can be left versus what the upside potential is. Sell it now and I can guarantee you will be buying in back when it starts the run up. Instead of being a panic seller, you will be a panic buyer who fears they'll miss the ride back up. I've seen it many times before. In another year, we'll all be looking back and saying what a great buying opportunity it was just like many said in 1998. LONG AND STRONG THE ONLY WAY TO MAKE MONEY IN THE MARKET!