In the last few days, I've gone from 40% to 10% cash, initiating or doubling up on positions in QCOM, CSCO, EMC, and TXN
Wow! Good luck man, but you are a risky investor.....
QCOM - 17x last year's sales, forward PE about 38x despite growth expectations of about 25% per year.
CSCO - 5x last year's sales, no earnings, sales shrinking.
EMC - 4x last year's sales, no earnings, sales shrinking
TXN - not so familiar with their story
If revenues don't pick up significantly at the latter two companies, you might lose your shirt! |
