Since you're in the confident mode, you also might want to watch DITC, JDSU, and SNDK. Great cos, and lots of volatility so you might get good entry points. OTOH, what the hell do I know. I agreed with Dale re. NSATF--even bought more Fri.
I had wondered aloud if/when the market was going to crack. I posted at the beginning of the year with the 1st little correction that if one looks at the past year on the hi flyers, even a 20% correction doesn't look like much. The market has seemed so oblivious though. Things like--"A rate hike is already factored in." That was before the worst of the drop. Maybe now? Now so many people are saying, "The market will go up when Greenspan speaks."
I do believe that barring a cataclysmic external event, certain parts of the hi tech and bio markets will continue to grow exponentially, and corrections like this are ops. However, the trick will be to pick the right ones, because a lot more are gonna fail than succeed. eg. any bets on ETYS, AMZN. Noticed Tony covered his ETYS short. Probably will give it a bounce, but its just one etailer among many, and I think the bricks and clicks like WMT, while slower movers will prevent the all etailers from becoming profitable. JMO.
Jim |
