QCOM's run has put me back into this full-time market monitoring mode. So what can I do about it? I can ride out
the storm, monitoring QCOM day and night until it's fundamentals change for the worse 10 years down the road, or
I can take advantage of this short-term run to sell some shares and diversify to lessen the relative value of QCOM
in my portfolio which would hopefully lessen my stress/time spent watching QCOM. I would then diversify into
other Gorillas & Kings (GMST looks interesting).
Is this wrong? Am I the only one here thinking this way?
I don't think that you're wrong at all. I bought some Q back in April (as everyone but Lindy, not enough!), but also have stock in CSCO, INTC, RMBS, AOL, VTSS, NTAP, and now GMST. While I would be a lot wealthier if I had gone all Q, I also know that ANYTHING can happen to a single company. (I should add that these other stocks have for the most part done pretty well...)
I have held stock in companies that had accounting irregularities, unforseen problems in shipments, unforeseen competition, all taking the stocks way DOWN. I feel much more comfortable knowing that its unlikely to financially ruin or disable me if one of those events happen to one of my companies. I may not make as much as the 100% Q folks, but I do sleep pretty well (though I wake up every g*ddamed morning at 6:30pst with an eye on that g*ddamned CNBC!)
Jeff |
