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

To: Jill who wrote (8906)	4/15/2000 11:33:00 AM
From: t2	Read Replies (1) \| Respond to of 24042

deleted

To: Jill who wrote (8906)	4/15/2000 12:37:00 PM
From: brightness00	Read Replies (1) \| Respond to of 24042

Jill, I'm wondering why you would continue to sell at this juncture? There is more upside than down side at this point, IMHO. Jim

To: Jill who wrote (8906)	4/15/2000 1:03:00 PM
From: SJS	Read Replies (1) \| Respond to of 24042

Jill, We will continue down, but we're closer to the bottom than the top (obviously). You telling me of your fear confirms that the bottom is close. I think that we will look for 3000 or at the lowest 2900 as the absolute bottom here for the ST. We won't "V" back up this time, we'll sawtooth. Up, down, Up, down. Banging that lower support level (floor) harder and harder each time to see if it holds. Once it holds, and a small amount of confidence returns, the first back in will be the richest, and the fast money that sees the bottom holding will follow for a mini-rocket ride of sorts. Then....we won't go back up LARGE because that little fear angel is still sitting on some people's shoulders. It will take 3 months MINIMUM to regain enough confidence to regain some upside momentum to build back-to-back, multi-day or even multi-week rallies. Since most TA is out the window now, and no-one is paying attention to FA that much (because some spectacular earnings reports were just cast aside.....), I gotta go with some raw instinct and experience at this. I've talked to other traders and professionals and they agree with this scenerio as the most probable at this point. Monday could be bad as those who DON'T follow the market get to read the press, hear the media, and take stock of what they lost. They may rush into selling on Monday to recoup any profit they can from our spectacular upward run for 6 months. So you can look at this in two ways: lament over what you had that's now gone, or crystalize your thinking, learn from this experience, and jump back in for some of the best bargains on quality companies you've seen in a long time. However one final thought (for now): Cash is always king. When you run out, you're out of the game. Never jeopordize your cash holdings to the point that you get washed out. You be smart for yourself. Continue your vigilence on the companies you want to own (make your list this weekend) and watch them like hawks. Set tight stops on your trades, and limit your losses like never before. Only the smart are going to survive this one. Since quite a bit of capital was lost, there's a lot less to play with and the smartest at BOTH money management and investment picks will be the ultimate winners. Steve PS: Learn to short. This is NOT just a up game. Stocks go down and you can make money doing it. One of the easiest thing to short is the QQQ index because you don't need an uptick. It moves slow enough on most days to take a try for learnings sake. If it costs you a little, it's worth the experience.