John, re "is there anybody out there?"
Lots of people have had a REALLY bad week owning techs. Fact is that SNDK has performed well considering the post-Y2K tech plunge. In the past week, money was moved from techs to "financials", "health" and "oil". Considering the end-of-year run on tech stocks, it shows only that money is moving in and around but not "out" of the market.
Yes ... SNDK remains a leader in its field. And yes, SNDK is a good investment. So long as you average your P/E's to a reasonable place and have SNDK as only a part of a "well-diversified portfolio".
FYI, my tech holdings went down like a rocket but my non-tech holdings went up similarly. Despite holding MSFT as "Numero Uno", I am down overall <2% for Y2K.
The market trend is up but techs are trending toward a correction. If you are positioned correctly, BFD. If on margin, get the h**k out of being on margin! Otherwise, I'd say it's a "hold".
Some people are recommending bonds. IMHO, the right time to own bonds is when they are paying 9%+. Whether the long bond is at 6%, 7% or even 8% ... it is still not time for money to leave the equity markets. Maybe a shift here or there but still not time to sell equities with >50% market share like SNDK.
Craig |
