MikeB Posted September 4, 2001 Share Posted September 4, 2001 Yeah, I know I haven't actually 'lost' anything, but nonetheless it hurts. Let's see, I could have had a nice shiny Porsche Boxster (the good one, S is it?) parked in my driveway. Maybe next year... Link to comment Share on other sites More sharing options...
Ignatius J. Posted September 4, 2001 Share Posted September 4, 2001 So this whole JDSU fiasco, does that count as lost money, or just frozen? They're coming back up, right ART? -DB Link to comment Share on other sites More sharing options...
Art Posted September 4, 2001 Share Posted September 4, 2001 Mike, you've no idea my friend. . I started serious investing in February of 1999. Just when I had the money to do so, the market began this terrible drop. I've lost a fantastic amount of money, should I be foolish enough to sell now. I'm still buying into the teeth of this market and eventually, one day, one year, it will all make me laugh. . ------------------ Doom is in the box. Link to comment Share on other sites More sharing options...
Zen-like Todd Posted September 4, 2001 Share Posted September 4, 2001 Let's put it this way. I work at AOL. I came on full time in June of 1998. Link to comment Share on other sites More sharing options...
Art Posted September 4, 2001 Share Posted September 4, 2001 DB, hang in there with JDSU. This is my favorite long term company with serious upside. I've got about 5000 shares now. I started buying before the SDLI acquisition was finalized (and I even did a small arbitrage play with some SDLI). I've had JSDU at 77. Again at 62. Again at 50. Again at 41. Again at 33. Again at 25. Again at 20. Again at 12. Again at 10. Again and again at 8. This is my single biggest loser and second largest holding. I only need a fairly mild rebound now to break out and ahead, but, hang in there. This is a stock that will pay for a whole lot of life given time. ------------------ Doom is in the box. Link to comment Share on other sites More sharing options...
The Sisko Posted September 4, 2001 Share Posted September 4, 2001 I sincerely hope you're right Art. I went whole hog into tech and got butchered by the likes of JDSU,CSCO,VTSS et al...the list of infamy goes on and on. I'm at a point now where I've lost so much $$ on almost all of my positions, it's not even worth it to sell them as all together there's not enough $$ left to worry about. A couple of decent mutual funds is pretty much the only bright spot in the old portfolio these days. Link to comment Share on other sites More sharing options...
MikeB Posted September 4, 2001 Author Share Posted September 4, 2001 Art, we are in similiar boats. Saved a bunch and started getting into the market in 1999. Bought some JDSU at 108. A big RED -97% sits in my face as a pleasant reminder. Oh well, sounds like you are high (long) on them still. I've been thinking of picking up a few shares on the cheap. Can't go down much more... or can it... Link to comment Share on other sites More sharing options...
Henry Posted September 4, 2001 Share Posted September 4, 2001 Keep in mind, the best case scenario if you buy a certain stock at regular intervals (as Art has) is for the stock to go down and then back up. You make a LOT more than if the stock continued to rise after you started buying and then it went back down. I've lost a boatload on my funds but I just keep trying to remember to buy low. Low is now ... I hope ------------------ "Men, there's nothing to get excited about. The situation is normal; we are surrounded." Link to comment Share on other sites More sharing options...
NavyDave Posted September 5, 2001 Share Posted September 5, 2001 I started buying tech stock in the mid 80s mainly because I was a Data systems tech and my uncle took part of my allotments and put it in oil and other anti tree hugging investments. After the clinton reno lawsuit of Microsoft started the snowball effect on some of my stocks I had to drink a different form of koolaid and look at how much I invested and my current profit margin at that time, vice how much off a profit loss suffered. Who is hoping for Capital earnings relief being passed? ------------------ Take a sip of the Marty Kool Aid and Believe Link to comment Share on other sites More sharing options...
Art Posted September 5, 2001 Share Posted September 5, 2001 Hey, Aug. 23, Cisco announced it felt the business was in line with where it was projected to be. That gave the market a small boost. Yesterday's NAPM was the first manufacturing news of any real potential in long months. Consumer spending is still strong, though weakening. My guess is the first moment you see worries over consumer spending, the rest of the economy will be rebounding. The market will drop with the consumer spending news, but, manufacturing and capital spending will be on the rise. The market will respond to that and consumer confidence will rebound and follow the market back up. Consumer spending tends to lag behind the other indicators in reacting to a bear or bull market. Only the most recent numbers show a strong deterioration in consumer confidence and spending. Other indicators are improving. I'm guessing by February, we'll be through this and things will start to look pretty good for the long haul. However, bear in mind that in 1972-1974, after the "nifty-fifty" were so highly valued the bubble burst and it took 15 years to get back to 1972 levels, in terms of the overall market health. The ONLY way to make money is to buy on dips. I think you have about six more months of dips before you are going to miss out . But, this is just my own day-trading guess and is meaningless to anyone but me . ------------------ Doom is in the box. Link to comment Share on other sites More sharing options...
SPare Posted September 5, 2001 Share Posted September 5, 2001 Yeah, I've lost a lot on JDS as well, but not in the same way. I lost mine through options and employee stock purchase plans. I was hired by JDS Fitel in February of 99, and have been working here since that time. Crazy growth. Then, crazy layoffs. That being said, the Ottawa operation is still about 30% bigger than it was when I was hired. I will say 2 things about the company: 1) We have little to no direct competition (although that will come) and the long term future market is still good 2) A lot of senior executives are leaving the company (mostly retiring). This has been happening since January. Read into that what you will. ------------------ Link to comment Share on other sites More sharing options...
Jimbo Posted September 5, 2001 Share Posted September 5, 2001 Thank God my Worldcom options were free. Just after every single grant of options, the stock went down so the strike price was ALWAYS higher. Our last grant of 200 shares was at $16 and some change and as of today it's a little over $13 per share. Link to comment Share on other sites More sharing options...
National Defense Posted September 5, 2001 Share Posted September 5, 2001 Dr. Coop.com ----what was i thinking? Link to comment Share on other sites More sharing options...
KMP Posted September 5, 2001 Share Posted September 5, 2001 My 401k program got renamed a 200.5k program. How's that for loosing money in the stock market? ------------------ <IMG SRC="http://www.joegibbsracing.com/joe_gibbs/joegibbs_images/driver_prof_joe.jpg" border=0><IMG SRC="http://www.joegibbsracing.com/current_season/jgr_wc_18/jgr_wc_18_images/car/bobby_car_race.gif" border=0><IMG SRC="http://www.joegibbsracing.com/current_season/jgr_wc_20/jgr_wc_20_images/car/drive_pontiac_tony.gif" border=0> Link to comment Share on other sites More sharing options...
bulldog Posted September 5, 2001 Share Posted September 5, 2001 Although I am not living on Dan Snyder's block I would advise anyone out there not to invest more than 10-15% of their portfolio in a single issue. This is perhaps the greatest risk people take as many companies offer ESOP programs which concentrate resources and employees don't tend to save and invest much outside these formal retirement plans. If you own 10,000 shares of Intel but nothing else, I think you need to reallocate and hedge against your exposure, even at the "discount" prices we see out there today. Link to comment Share on other sites More sharing options...
skinsfanbu Posted September 5, 2001 Share Posted September 5, 2001 I'm an Investment Advisor. It's times like this that professional advise is taken, rather than ignored. It seemed so easy over the last four years...throw money at a stock and make money. Here's some basic rules, you can take them or leave them. 1. 92% percent of all market out-performance, since 1926, came from a properly diversified portfolio. (per Ibottson & Assoc.) Market timing only accounted for 8%. 2. Look at your time horizon for when you will need the money. If you will need the money in less than three years you SHOULD NOT TAKE RISK. If it's longer than 10 years, time will average your risk to an acceptable level. 3. Dollar Cost Average...invest the same amount regularly into your diversified portfolio. This is the best way to overcome down markets, over a period of time. (This is how your 401k works, if it's diversified) 4. Do not get too conservative in retirement. If you retire at 65, you'll need to have your money last 20 years. How much did your car cost 20 years ago? Keep approx. 40% of your investment in equities, this will help fight the effects of inflation. There's a lot more to know but these rules of thumb may help. BTW, don't look at your accounts daily...there isn't enough pepto-bismal in the world to overcome the anxiety it will cause. Keep you eyes on the 'Skins instead. HTTR, Bill, the FL Chief [<IMG SRC="http://www.extremeskins.com/ubb/edited.gif" border=0> by skinsfanbu on September 05, 2001.] [ by skinsfanbu on September 05, 2001.] Link to comment Share on other sites More sharing options...
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