chirdoc, you have lots of patience. much more for a turnaround than i have. informix, for example would yield an 18% return today. annualized, that would be pretty good. for a stock that has a negative book value but a market capitalization in excess of one billion one must have a real faith. your paper profits of 53% in check free gives you a good cushion in the event of any retraction. but, they will have to show some earnings someday soon or the market may lose patience.
ok, here is what i have bought since october 27: amat, cell, cnto, cree, ibm, istn, kese, resr, and smod. all positions are long the stock. i dont play options, futures or sell short. i too am in for the long run and try to build my portfolio from the ground up using fundamental analysis. before the wicked monday, i had retreated to nearly all cash - holding equity positions in apcc, dell, and hwp. there just had been too much variance in this past summer and fall. the future is in technology, but one must pick one's spots carefully, be a bit lucky, and be nimble afoot. the key is not to chase anything, and prefer whatever is currently out of fashion (buy cold and sell hot), and finally never get greedy.
good luck,
ray |
