Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jmac who wrote (18953)	2/21/2001 6:42:07 PM
From: t2	Read Replies (3) \| Respond to of 24042

I have lost 75% of all of my different portfolios over the past 13 months. I am just sickened. But, I know that in the next 2 years, this whatever you want to call it, will all be history. Some companies may not make it but there are names out there now like GLW and JDSU and AMCC and INTC that are sure doubles if not triples over the next two years. I have taken what I have left and gone to Jan '03 Leaps. jmac, Consider yourself lucky to be down only 75%, based upon stories I have been hearing. I guess you are giving yourself a long time horizon but might want to diversify a bit with possibly with a pick in another sector. In any case,it might be a good move to go with 2003 calls as it gives you a lot of time although a case can also be made to stick with stocks until we see the turnaround starting and then buy the 2003 calls but of course calling bottoms is too hard. FWIW, I am calling this a bottom since every investors seem very nervous about tech and markets in general. The US is not Japan and will be pulled out of this very soon. Toughest market I have ever seen compounded by the problem of too many people started trading online in the last 2 years and now the trend has been reversing with very negative consequences on the Naz. Hopefully, we are close to an end on this.

To: jmac who wrote (18953)	2/21/2001 9:16:06 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

jmac:Look at the White House Corruption to find out the cause of the loss of your portfolio. dailynews.yahoo.com Not just corruption, but graft, lying, cheating, scandal, screwing up the American public. The White House of Bill, Hillary and Algor was deeply enmeshed in crime, at a time when they should have been making a serious study about the economy, business and your money,and retirement funds. The fact that 50% of Americans voted for these corrupted people ( my opinion ), shows you how removed from reality and truth, 50% of Americans were and still are. 50% of these are still in Congress too. This makes any resolution of this disaster of dubious success. JDSU is part of that White House Screw up too, for the morons that still don't get it and think that all this is OT. Maybe a more topical discussion at this time on this thread ought to be " Crime in the Clinton, Hillary and Algor White House " and how that caused JDSU to tank. ( Perhaps if we can connect the dots, we amy prevent this from happening again in the future, ) TA

To: jmac who wrote (18953)	2/21/2001 10:59:15 PM
From: FR1	Read Replies (1) \| Respond to of 24042

jmac - I lost more than you. I did learn a lesson. Tragically, it came too late to save most of my losses. The lesson is this: in highly volatile times, buy protective puts. I buy them 2 months out and a strike price lower than the at-the-money price. They cost about $3.5 - $5/share. My last puts ran out friday and I bought new ones. Tonight, after hours, I hit my put price with AMCC and QCOM and I can not lose any more money even if they go to zero. The big portfolio test: 1) Can you sleep nights. 2) Can you watch CNBC during the day with no worries. If not, you need puts.

To: jmac who wrote (18953)	2/22/2001 8:39:08 AM
From: im a survivor	Read Replies (1) \| Respond to of 24042

<<I have lost 75% of all of my different portfolios over the past 13 months. I am just sickened. But, I know that in the next 2 years, this whatever you want to call it, will all be history. Some companies may not make it but there are names out there now like GLW and JDSU and AMCC and INTC that are sure doubles if not triples over the next two years. I have taken what I have left and gone to Jan '03 Leaps. >> I hear ya, Jmac. I too took a helluva bath......moving to leaps....I tell ya.......that is either gonna make or break you....in a bull market, leaps are wonderful....and If I knew that 2 years from now this would all be a blip on the screen, I would take advantage of the leverage and move to leaps over common. However, I never would have believed that the naz would do what it's done, nor last as long as it has....hell some folks are saying we may go thru several years of sideways to down movement...others say we rebound sooner. Bottom line is that everybody has an opinion and until history dictates what happens, we just don;t know. With the bath I have taken, the last thing in the world I need is to have all calls/leaps, that could expire as worthless pieces of paper....at least with the stock of a quality company, you can wait it out as long as it takes...but wouldnt it be a shame to hold a bucketful of abcd 03 20 leaps and have the stock sitting at $15 - $20 when they expire.....then a year later abcd stock rebounds to $50??? I guess my point is that it is very risky in this market to be 100% calls/leaps....first, in a bull market you can buy OTM leaps for cheap, and make a killing, but in a bear market, you better be buying DITM leaps to protect against further downside. However DITM is gonna carry a hefty premium....before I pay more then 50% of a stocks price for premium on a leap, Ijust assume sleep better and buy the stock.....if abcd is going for $20, why would I want to pay $10 or more for the leaps.....so, in a bear market, DITM is the way to go, but the premiums are hefty. Now, with all this said, we can assume one of two things will happen...naz will rebound by jan 03 or it wont. With this in mind, I am trying to be diverse ( well, I'm 100% tech, so i dont know how diverse that is<ggg) and hold stock as well as a few leaps......I have some aol 03 40's and some sunw 03 35's....and may add some sunw leaps if it gets whacked real bad today or tomorrow....but, I simply would not sleep at night knowing that I have a 22 month clock ticking away on my whole portfolio, and if we are in a recession and if this does drag on, 100% in calls/leaps could be a recipe for disaster. But I do agree that it is wise to have a few leaps just in case naz does make a strong move in the next 22 months, but I would be very careful as to what % I allocated to calls.....good luck...hope this carnage ends sometime in my lifetime... Keith