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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Psycho-Social who wrote (78732)	6/14/2002 4:20:39 AM
From: 1podstock	Read Replies (3) \| Respond to of 99280

PsychoSocial..it's amazing that people still keep saying we can't go lower. Why not? Back at start of 2001, how many thought we'd be here at this present time? How many thought CIEN, JDSU, LU, CSCO ORCL, etc would be where they are? How many of those CIEN bulls, etc said "we can't go much lower"? Are there any JDSU folks who are saying "we can go much lower"? The beauty of the market is: it can always go lower, and it can always go higher, than any one of us expected. There's ALWAYS a reason to sell (money for unexpected expenses in life, wanting to get out at costs basis, taking a loss before those losses become even larger -- how many JDSU folks wouldn't kill to have sold at $15? 25? $35); but you NEED a reason to buy. So far these past couple of years, buying dips got you killed unless you stuck to a plan with stop losses. How many averaged down on JDSU? How many are still averaging down on ORCL? My point: we CAN go MUCH lower in coming weeks.