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


To: blaireo1 who wrote (13817)11/1/2000 2:11:42 AM
From: jmanvegas  Read Replies (1) | Respond to of 24042
 
**OT** - Blaireo1: The Mandalay Bay is also awesome. You must check it out the next time you're in Vegas. Also the Venetian.

Sorry about your loss. I've had a few of those these past few months. Now I'm in trader's mode and mentality. We're only investing in corporate paper and what that paper is worth at any given market cycle is worth what someone else is willing to pay for it. Now we're in the extremely high PE cycle. Is it justified? Only if you can sell that paper to someone else for a higher price than what you paid for it. It is called the Greater Fool Theory. Now I'm not in the bearish camp since the Naz has already tumbled some 2000 points from its highs to its recent lows. But there is so much overhead resistance in the Naz charts, that IMO, getting back to the highs could take several years, if at all. Time will only tell. Good luck.

jmanvegas