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Point well taken. As a rule, I try not to sell low and buy high. I dumped Orcl yesterday simply because I stopped liking the company. I feel it will be stuck in the high 20's-low 30's for some time. I disagree with you that we are heading into "dicey interest rate waters." On the contrary, this market already priced in that rates are going up (very choppy next week and a half, however.) Yes, there very well may be a 1 or 2X rate increase, but that'll be in. IMO after the FED meets in late June, we'll see a nice rally. The long term interest rate scenario is quite rosy, my friend. Concerning earnings, as long as I can remember, they've always matched earning estimates (albeit by a penny).Lastly, the P/E is high, but compared to what? Compared to other internet plays, some (not me) might say it is a bargain! Anyway, for both our sakes, I hope I'm right in my opinion that this is STILL a high growth story for the next 5 years with relatively little downward risk over the long haul. Yes, we shall see which stock does better over 1,3,5 yrs- orcl or csco. Any side bets??? |
