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

To: Hank Stamper who wrote (282)	5/2/1999 8:10:00 AM
From: gdichaz	Respond to of 24042

To David: Different investment style and emphasis. Over the years, I have learned (I think) that the key to successful investment is finding leading edge technologies and then doing due diligence to find the best companies in those fields. This in brief led me to telecom equip and within that to an emphasis on wireless and fiberoptics and therefore to Qualcomm and Uniphase. In such a situation, the price of the stock moves in wave patterns but usually upward over time. This is because the market is so robust and the companies do their job well in that market. No idea from day to day what the stock market price may be. Wide swings - but basically unpredictable wide swings IMO. That is why I suggested that for a company like JDS Fitel or Uniphase the best time to buy was yesterday - or earlier - and if not in yet - tomorrow. This does not mean anything at all about the overall stock market averages themselves. Yes, clearly if we had clear crystal balls and knew exactly what the market overall would do when, then buying at a market bottom would be cool. But I for one, have never been able to time the market well. So I just buy stock in good companies in exploding fields and expect them to do pretty well in the next 3, 5 or 10 years. Works for me. But as my grandfather used to say "Differences of opinion is what makes horseracing". Good luck to you. Chaz