Message #6 From:
Jason Date: August 11, 2005 06:55:59 PM
JDSU do I stay or do I go?
The problem Rick is that you have sustained a real loss but you don't
want to admit to yourself that it's real. That's why your options
are so limited. You've kind of boxed yourself into an imaginary
corner.
There is a solution. What you need to do is sell all of your JDSU,
then sit on the sidelines for a while. After a few weeks have
passed, take your capital back to the market and decide how you want
to deploy it. If you want to buy nothing but JDSU again, more power
to you, but at least this time you will have chosen JDSU for its
investment potential alone, which is the right reason for being in
it, rather than staying in it to avoid the pain of booking the losses
you've already sustained and finally making them real.
Somehow, you've got to start thinking like an investor again, with
thousands of alternatives available to him, rather than someone
obsessed with trying to maintain a fantasy that the losses he has
sustained in a certain stock are not real, or that they can somehow
be made less real by remaining fully invested in a specific stock.
This is one way you might trick yourself into seeing this situation
from a different angle. You've got to book the loss and get it
behind you so that you can look at the market with clarity again, and
recognize all the alternatives you have.
