Re: is now a good time to buy
I'm not much of a market timer, but I gotta think that now is not a
good time... consider:
1. We are now just over the previous all-time high, revisiting it after
about a year. Around here is usually a significant resistance level; takes
multiple attempts before it's solidly broken. I'm sure we'll bust it
eventually, but would be surprised if on the first try.
2. We've just enjoyed quite a run-up, especially in techs, I gotta
think there'll be some profit taking short-term. On such a dip
would be a great time to buy. As for me, I'm waiting for such an
event to accumulate more.
May 60 calls got ridiculously expensive today.
Like real estate in the Bay Area. I wrote some on a
portion of my position; I hope to be able to cover on any
profit-taking. If not, then I considered the high premium
worth the risk.
Re: "semi-equips: sell when EUPHORIA is running down wall street!"
not quite yet, folks! This is exhuberance, but not euphoria.
If we break 100 this year, then I'd call that pretty darned
euphoric; would sell most of my position then. Just might start
a thread titled as above if that happens, unless one of you folks
beats me to it!
Still long, but a short-term hold,
DOM |
