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

To: Cary Salsberg who wrote (23222)	12/30/2002 4:22:57 PM
From: ownstock	Respond to of 24042

Cary, Simple: I pay market price at the time of purchase. I think you are asking how I make choices between investments. Narrowing this for the moment to just the stock market, I try to make my best informed choice or choices, and then try to guess what the market (ocean) will do to my choices (boats). Simply put, I try to make informed guesses as to which company will make the most net cash in the shortest time. I know that gets a lot of respect from larger investors, and especially these days. That distinguishes which boat or boats I am going to bet on. Then I am either in the market (ocean) or not (cash = dry land). I try to avoid being in the market when the tide is going out, and I try to find eddies that buck the current. There are always eddies. If I know that part of the ocean, and the boats that float there, I will risk it. I know the communications, semiconductors, and defense parts of the ocean, and some of the boats that float in them. Right now I am cash and defense, LMT in particular. When the war actually starts, I will probably get out of LMT and into cash, until I see which way the tide is going. I guess my message is: you have to watch the ocean as much (maybe more) as you do the boats. You can't know the entire ocean, but you should try to know a few areas pretty well, so you can catch eddies. I also avoid greed: get out at 30% no matter what, pay the Uncle even if it is a lot (hopefully). -Own