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


To: t2 who wrote (9030)4/16/2000 11:28:00 PM
From: SJS  Respond to of 24042
 
Yup. In fact, I am looking forward to trading it!
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I read the Boston Globe this morning and found this interesting. Take read of this segment, but here's the link for the full article:

boston.com
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'The bubble shrinks but it doesn't go away,' says Jeffrey Heisler in calm, soothing tones.

He's an expert in behavioral finance at Boston University who peers into the psyche of the investor as intently as he watches the Bloomberg News wire. He doesn't buy the vision of an overheated market popping into oblivion like a giant balloon.

But he doesn't laugh at the fear.

'People are sitting on huge capital gains,' he says. 'How they handle bad news depends on where they set their reference points.'

Someone with the soul of a riverboat gambler might invest $50, watch it turn into $200, and not twitch when it disolves into $75.

'That's because his reference point is $50, so he figures he's still ahead,' Heisler explains.

'Somebody else, whose reference point is the $200, thinks he's losing money.'

Yes.

And chicken country can begin at around $180.