Wow....who ever woulda thunk it<ggg>...jdsu fixing to hit the teens...sunw under twenty and etc, etc, etc.......Luckily I bought some more jdsu at 117 before a addition to s&p...coverd it immeditaley, got a nice fat premium, which expired worthless, then immediatley sold for a nice profit as well....but I held my other shares, and still do, and still will<ggg>....In fact, I really dont mind watching jdsu fall....the thought of adding some gives me the warm fuzzies...the thought of adding some at even cheaper prices, gives me even warmer fuzzies...same with alot of my quality stocks...give me a chance to buy quality at $10 and I'll be all over it......The bubble burst....we may never see prices like that again for along time, but it doesnt mean we can't still take advantage of this.....we may have further to fall...and it could last awhile, who knows....the longer it lasts, the longer we have to aquire quality at low prices and build a nice little long term hod basket.....so, I am trying to stay positive....one day we recover....if it's soon, I'll be happy...if it's not, I wont be thrilled, but I will look at the posotives and the positives are simply having more time to buy cheaper stocks.......just look at all the quality that is beaten down....heck, if your thinking long term, I think TODAYS prices are fantastic and ten years from now you will be higher more then likely...maybe even next year...but I would hope by 5 - 10 years we are higher ( keeping fingers crossedn as I type<ggg>...BUT, just think, we have a better then 50% chance that we go lower and get even better prices. AllensAlias, who seems to be a pretty smart fellow with no agnenda ( see, I like bulls and bears.....it's the individual that counts )thinks we should stay open to the possibility that this takes years to dig out from under....well, if so.....I may not like it, and I may not be buying any fancy new cars or houses for awhile, but I know my wifes 401k will be better...the longer the market is down, the more she will be buying every week at low and lower prices....and for me and my portfolio/trading...well, if we stay down for years....looks like I'll be buying lots and lots of jdsu, sunw and other quality companies, so when the market does turn upward, be it one year or ten years, I will have a boatload of stock to go up. As it is now...lets say we turn around by january...I will not have nearly as much stock at low prices as I would like...BUT, if we stay down for 2 - 5 years, I'll have a truckload of quality by then.....heck, I have held jdsu all the way down to $20 or so.....what the hell is another $10 or $15 at this point...same with most all the stocks I own....so, I am going to try and stay positive and be happy no matter what the market does....worse case scenario is we just flatline......not up or down. I wont get any real low ball discounts and current holdings will just sit and not appreciate...so either up or down, and I'll make the best of it.
Good luck
Keith
