To: Ex-INTCfan who wrote (31849 ) 2/23/2001 3:25:05 PM From: im a survivor Respond to I find simply that low margin alone makes me sleep well at night....I honestly dont think I would sleep well being 100% cash....I know that sounds weird, but hell, we are at a point now, where if we stayed in this long, we are waaaaaay down. As long as there is no chance of margin call, I prefer to stay in the quality tech issues while they are so low, rather then selling at naz 2000 or 2200. Sure we may go lower, but in my case, I have been hit so hard it is stupid to sell sunw at $20, jdsu at $29 and etc......we are taught to buy low, sell high. I dont consider this high, so I am not selling. Am I buying? Well, I must admitt, I did grab some more sunw 03 leaps....I just can't find a single quality tech company already beaten down offering such great prices on leaps...if the naz rebounds just a tad, they will see a nice % gain. And if it goes lower...well, sunw can only go $20 lower...the leaps I bought can only go $4 lower and I have two years to worry about it....and better yet, if it is still in a funk, at such a low premium, it aint gonna cost much to roll them uo another year and keep doing that if necessary. My guess is it wont be necesssary.....sunw doesnt need to make much of a move for these leaps to move....I grabbed some the other day at 6ish....they went to 9 in a blink and now down to 4, where I added more. And to be frank......I will buy more at $2.50 it it hits and alot more at $1.00....then I will just sit tight and wait on recovery.......and as I said, roll them into 04's if the worst case scenario plays out and the bear is still here in 2003.....great weekend to all.....
