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

To: luther yow who wrote (17302)	1/27/2001 11:59:13 AM
From: im a survivor	Respond to of 24042

<<Thanks for asking, since jdsu went up today, I was able to delay my call for four days and added some more jdsu that I was able to keep. If the stock goes up only 2 more dollars in the next 4 days I will not lose any thing. At a level of 54 I would have to have sold 3/4 of my position. Glad it worked out for me, at least for today, hope you and everyone else survived the day. Again thanks for asking,>> Good luck and some friendly advice....margin is great if used properly. I haven't seen too much good come from folks that use heavy margin. Like a ballgame, it takes the playbook out of your hands. You are no longer in control....Mr. Market now dictates the game, and the players in the game, are your savings/retirement and etc......Use margin sparingly.....this is a precarious time to be heavy on margin.....a retest of the lows, or heck just a decent drop, and your screwed....didn't you mention if jdsu hit 52 you would be forced to sell 3/4....man, take a step back and look at what your doing. Sheez, I love jdsu, but nothing would be worse then being "forced to sell a stock you know will be higher long term, only because the short term screwed you. Didn't you also mention buying some more jdsu or something to that effect? So you got a margin call or close to it, yet because the market went up a few points you went further on margin rather then taking advantage of the situation and lowering your margin on the uptick??? And your doing this heading into February? heading into a fed meeting where .50 is already priced in and we could sell off after we get the .50 and WILL sell off if we get only .25???? You sound like me, last year, and trust me my friend, it wasn't pretty. Use that margin wisely...I am on margin.....but last year showed me that margin use must be use much more cautiously.........I set a limit, and do not exceed it. By doing this, I have avoided being forced to sell anything when the market has it's crazy down days...and trust me my friend, long term no problem...but short term, you will have more crazy downturns, and margin will eat you alive. Please be careful and good luck......maybe write some leaps and lower your margin, have you thought about that...write some OTM 02 or 03 leaps...instant cash into the account !! keith

To: luther yow who wrote (17302)	1/27/2001 2:11:06 PM
From: JustTradeEm	Read Replies (3) \| Respond to of 24042

Luther, I was going to offer much the same advice that Keith already has ... Fed Funds futures already reflect a 98% probability of a 50 bp cut on Wednesday. How the market reacts, only TA would guarantee in advance. What if we only get 25 bp a short term selloff could be in the cards. If 50 bp is already priced in, we could see a shortterm selloff on the news. Technically, the JDSU chart could easily turn down again next week. If you get a good pop on Monday or Tuesday, please consider Keith's suggestions. Reducing margin or selling calls which can be bought back on any dip may be prudent. Good Luck. JB