Lance, I never designed our thread to focus permanently on one segment of the market. At its very inception, I intend to keep this thread as fluid and flexible as possible, constantly bearing in mind that amassing profit with highly favorable risk/reward ratio remains the primary goal of this thread.
From March to early May, We played many highly profitable trades with Nasdaq and bb stocks. Then foreseeing the internet correction starting in mid May, the focus shifted back to bbs for about 2 months, from which we extract much profit.
Starting in mid June, knowing that the SEC requirement for financial reporting compliance would leave the bb market devastated, we switched back to Nasdaq, with strong emphasis on the then lackluster IPO issues. After ARBA, GSPN and JNPR, the success of focusing on strong IPO issues was never in question.
Still, all along, since early June, sensing that the SOX was breaking out on a sustained basis, I have my intermediate portfolio peppered with what I considered strong semi-conductor stocks, namely TQNT, AMAT and KLAC, all of which have performed very well.
In fact, as recently as last week and yesterday, I did join you in XNET and EBAS. Sold EBAS too early this morning during the gap but, by luck, bought it back at slightly lower cost. In addition to these two, I think I played another one with cancer news (forget the ticker by now) though that one did not perform nearly as well since I had to take a small loss to close that position.
All in all, I am not staying away from bbs but only becoming more selective. XNET and EBAS, especially the latter, certainly did as well as any Nasdaq highflyers could. |
