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Gold/Mining/Energy : JDS Fitel -- Ignore unavailable to you. Want to Upgrade?

To: Far Side who wrote (446)	12/2/1998 2:42:00 PM
From: reg	Read Replies (1) \| Respond to of 815

Some fiber optic IPO went public today in the U.S. Was priced in low to mid teens and opened in the high twenties U.S. Also Nortel and other big U.S. players announced a major committment to optical networks. Either that or maybe this company is in play?

To: Far Side who wrote (446)	12/2/1998 5:04:00 PM
From: Hank Stamper	Read Replies (2) \| Respond to of 815

On the topic of what will happen to stock price: I personally do not want to predict the stock price over the next six months. I am a long term fundamental investor and since I do not plan to sell my shares in the next six months, it's price is almost irrelevant to me over the next six months. “Almost irrelevant,” I wrote. If the price drops to reflect historically low p/e levels I will buy more, as I did several weeks ago! Actually, I WANT the stock to drop in price because I want to buy more. This is a very good company in my opinion and I really want to pick up some more ownership. To paraphrase Mr. Buffett, if I really want to buy hamburgers I should want the price of burgers to drop, not rise. If I am a net purchaser of hamburgers--as a long term investor a distance from retirement, I am a purchaser not a seller--I should be disappointed if the price rises. If I was at retirement age and wanted to raise cash, then I'd be happy for the stock to rise. Here's hoping JDS goes back to 22 so's I can get more! With the earnings picture (current and predicted), I'd be comfortable buying again at 25. What do others have for their target price? Ciao, David Todtman