Exactly. I've been on the prowl for "buying and holding", something I haven't done for a couple of years now. I'm completely convinced that the communication sector will outperform the next few years now.
My "canary" stock CIEN traded over 30 million shares a few days ago, and has not tested $4.80 yet. We still may see some early weakness tomorrow, but I think that this down move is finally complete. And if it's not, I still have another 10% of my cash to deploy. I plan on utilizing some margin after the first pullback on what I expect to be a quick ride back to 2150 within 30 trading days.
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