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No. of Recommendations: 3
When you read that someone owns a stock like JDSU and that his average cost per share is ten or fifteen dollars, that doesn't mean he paid ten or fifteen dollars for it. It has probably never been available for that price except to institutional investors who bought initial ipo shares. To purchase shares of a quality company at ten to fifteen dollars per share, buy it now and wait a few years. The stock will split several times, and you will have purchased it for ten to fifteen dollars per share.
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