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

To: TigerPaw who wrote (12852)	10/2/2000 4:55:57 PM
From: Kayaker	Respond to of 24042

Picked up 400 shares at 89 3/4. Staying clear of margin in this atmosphere. Picked up 10 contracts of SDL Mar 240 calls. Staying clear of margin for the rest of my life.

To: TigerPaw who wrote (12852)	10/2/2000 4:57:35 PM
From: t2	Read Replies (1) \| Respond to of 24042

TP, Picked up 400 shares at 89 3/4. Staying clear of margin in this atmosphere Did you just get off of margin or stayed away from it in the past few weeks (if you don't mind me asking). Otherwise, the time to go up margin is when the market has tanked. I generally go margin and options when the sentiment is very negative---and it is really negative now! It is tricky trying to pick the best time but diversifying with financials or drugs usually helps--financials are probably better at this time. Another way to do it is go maximum margin but buy a lot of puts as a hedge---once a person feels that the odds are that the market is about to rocket higher. I don't know if we will get down to Naz 3000 but I plan to trade aggressively (going long) this quarter (with hedging using puts). It is a very tough market. The Naz tech stocks tumbled while the NYSE techs did not. What does that mean? My feeling is that we have hit a bottom in tech. The fastest way to hedge a tech portfolio is with QQQ (nasdaq100) out of fear. Therefore the Nasdaq 100 stocks got hit for that reason. There probably is not too much real selling going on by porfolio managers right now. Just a hunch. (I hold some QQQ puts myself but generally am very long the tech sector)