Re: "easing back into high-techs..."
Similarly, I feel the investment vibes are much better than one month ago. We may still have volatility over the next month, but my major concern is missing a rapid upturn rather than a precipitous sell-off.
Finally got tired of waiting for JDSU to give me a better buying level and completed my long-term position. This stock has outstanding relative strength and, as they begin making acquisitions ( a stated goal of CEO Kevin Kalkoven), the stock will only continue to appreciate. Also added some Cisco; it never hurts to bolster one's portfolio with one of the few 800-lb gorillas.
In my non-taxable account, I couldn't resist bottom-fishing for some intermediate-term holds (3-6 months). Covad Communications (COVD) is still way off its highs and seems to have bounced off of a low of 34. It is to xDSL high-speed internet access as ATHM is to cable high-speed internet access. Since I think that all three modes (xDSL, cable, and satellite) will have a market share in the future, it seems to be worth buying and waiting for it to come back into favor. Also bought some NITE; e-brokers and internet trading will continue to gobble market share and NITE, as a market-maker to the e-brokers, supplies the "picks-and shovels", in a sense. It is currently out of favor because of the slow summer trading season resulting in decreased volume and transactions. Again, well off its high. Bon appetit. |
