Fellow Gorilla Hunters, thank you for you indulgence this weekend. After much discussion, cussin', readin' and broodin', this morning i managed to sell large chunks of my positions in MSFT, CSCO, and NTAP and increase my position in QCOM.
FWIW, here is the nature of my new portfolio:
QCOM 49%
CSCO 18%
PMCS 10%
MSFT 8%
JDSU 6%
NTAP 5%
CNXT 4%
(I, of course, accept full blame, responsibility, and praise for the decisions to put QCOM at such a pivotal position in my portfolio.)
As I looked at the performance of MSFT, CSCO, and NTAP relative to my other holdings, LB's "reinforce the winners" strategy became the driving force in deciding where to get money for more QCOM. After looking at some of the fundamentals like PE, growth, etc., it really turns out that I sold stocks with similar valuations as QCOM, but bought a stock with momentum and stronger future growth prospects. Not only that, but Q is a certified Gorilla!
Thanks again. This is a great group of folks on a great thread. |
