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

To: robert b furman who wrote (21395)	8/27/2001 8:49:45 PM
From: RetiredNow	Respond to of 24042

You said it, Bob. I agree completely. It's called long term investing, which many folks nowadays profess to, but don't really get.

To: robert b furman who wrote (21395)	8/28/2001 1:17:01 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 24042

If one buys at 8 or 10 - it won't matter at 27 - the torment of having not been perfect at 5 will have been long forgotten. That's fine. But how long is the average investor in that particular stock willing to wait for that to happen? At an annualized 19% growth in price (which is no mean achievement, believe me) from the bottom, it is going to take close to 10 YEARS to get to 27... But, as of today, is the average investor in this particular stock ready to wait that long? I would say, "Certainly not!". Ironically, this will only ensure that it will take even longer to get there. Having high expectations is a surefire way of ensuring low returns. And I am talking only about those who bought it at the absolute bottom, mind you. Those who bought it at 8 will see slightly more than three-fold appreciation in 10 years. Then, there are those who bought this at much higher levels and are waiting to break-even. And break-even selling can retard a stock's progress for a long, long time.

To: robert b furman who wrote (21395)	8/28/2001 1:53:14 PM
From: Jacob Snyder	Respond to of 24042

re: If one buys at 8 or 10 - it won't matter at 27 OK.......but not so long ago, people were saying, "if one buys at 80 or 100- it won't matter at 300". Stocks move with changes in 12-month forward expectations (for sales, earnings, margins, etc.). Stocks do not move based on trailing 12-month numbers, LT expected numbers, or results further than 12 months into the future. Expectations for that time period have been plummeting, along with the stock. When do you see the Q-on-Q slide in sales ending? About 6 months before that is when you should expect the stock to bottom.