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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: minorejoy2000 who wrote (3072)	2/27/2002 10:02:25 AM
From: im a survivor	Respond to of 3294

All my 04's are $10 strikes, bought with stock between $7 - $10, so some are drowning and almost dead, and the others are just way underwater, hoping to pop up above the surface and find a life raft by jan 04. I bagged my CORV....was very upset at Huber. A month or two ago, he was so upbeat it was ridiculous. Stock price was at $3.50, and he was going on and on about how great their technology is, how suprised people are going to be....that they can eat any other FO company for lunch....said we were fools to not like CORV at current valuation and he expected much better things. He then said they would be announcing two very big new customers in the near future.......that was reassuring, because they only had two customers at the time, and ya gotta have customers to make money......then, the stock slowly drops.....from that speech at $3.50 to the mid $1's when they announced earnings. earnings were pitiful, as was expected, but not only did we not get anything about "two new customers", we instead got " our biggest customer just cancelled a huge order and we dont know the status of them at this point".....so they have two customers.....their biggest cancels, may not re-order, and if they do, I am sure they will renegotiate a betterdeal. Then this aquisition of dorsal, a company probably heading for chapter 11 that he could have got for far, far less.......heck I dont know....at $1.20 a share, she could be a huge gainer if your patient, but Huber just lost myb trust.....he pounded the table hard saying how great things looked....enticed me to buy.....and she drops like 75% and then they announce all this terrible news........personally, I think CORV will either do well, or be aquired and will be a big gainer eventually.....I may buy back in, but am still not happy about how things have developed as of late, and will wait and see what happens..... EXTR and FDRY.....got them both......pretty nice sized positions, so i hope they recover.......but would sure like to see jdsu do something....I thought we had something when we broke above $10 awhile back.....thats when I started buying the 04 $10 leaps....OUCH!!...Kept buying the $10 strikes as JDSU dropped to $7, then stopped buying.....now just holding and praying jdsu can make a run so I can get out of these leaps, or make a nice run, and allow me to get out even or with a profit.....things look so bleak right now....But I keep telling myself 04 is awhile away...but then again, I told myslef that 2 years ago also, went I sold alot of stock and went to leaps.....at the time, I bought ITM leaps, thinking " things will be better in 2 years"....well, two years later and I have a bunch of worthless paper........hope I dont have the same results, but I can't say JDSU is giving me much to be optimistic about these days, but hope they do by 04......If I were you, I would feelmuch better about $5 strikes....those should do well, or at least get you out even or with a profit at least......my $10 strikes seem so far away, but meanwhile it seems like just a month or two the stock was above $10....now we broke into the $4's....very sad......