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To: im a survivor who wrote (3563)9/10/2001 6:15:09 PM
From: Venkie  Read Replies (1) | Respond to of 13815
 
jdsu at these levels are great...trying to pick the exact bottom is too much stress..makes ya emotional...obsession



To: im a survivor who wrote (3563)9/10/2001 9:17:16 PM
From: mishedlo  Read Replies (1) | Respond to of 13815
 
What people need to realize is how OVERVALUED some of these stocks really are. JDSU is probably one of them.

That said we probably are due for a snapback rally here for 100-300 Naz points. I am trying to catch it.

CIEN is a $5 stock IMHO and will eventually get there.
VRSN is a $3 stock IMHO and will eventually get there.

Right now I actually like JNPR although I bailed on it today out flat. It is now 10 cents higher. I have little tolerance for longs until I can catch one and have it go up.

In my IRA on SMALL positions I am willing to buy a few calls. NOV & Feb. If stock falls in half my calls will be 100% worthless but I will be better off than buying common and losing half. In that regard, options a few months out are safer. If we tank I lose less if we rally I gain less. If we are flat then options were stupid. I expect a break up or down here and am holding some calls and some puts.

M