TRADE: Out trading shares of ATML at 29 1/8.
Dave, I somewhat agree with what you are saying, but the thing that you/I have to remember is that the good companies will do well over a longer period of time. While I have no clue how ACLS will do over the next week, month or year. The numbers certainly support companies such as ATML, LSI, AMAT, AVX, KEM, etc. It is that reason that I feel that the only way to really benefit in this market is quick trades with high flying volatile issues, OR buy and position hold good companies with value and growth.
Remember RBAK, SCMR, FDRY, CMRC, ARBA, etc etc. They were hammered big time, but all came back and doubled or tripled from their lows. I don't have the time to trade in and out on a consistent basis, but I do have the time to do a little DD and find the companies I like for a medium term hold.
Should be interesting to watch.
J |
