Playing retail, e-tail and software now almost exclusively. Only buying other sectors if favorite stocks pull back, like buying CPQ at $24 after selling it last week at $27. SHould be as huge Christmas season and investors should realize the earnings are going to be huge and see some of these great companies with lowish PEs as buys. Momentum should build. But of course I have my exits points. Always try to make a safe profit (backfired on me with APLX Friday but oh well, made 25% at least). Like many of the hottest retailers but especially those which havent bounced yet; ANF, BNBN, BAMM, BYND, LE, URBN. Will buy IBI and BEBE on any small dip. Wont buy AMAZN but follow it as it makes sharp upward moves like on Friday. - On software side, have UIS, PSFT, IMRS and DLTK. All great values coming out of troubled news period when they got totally oversold. Actually DLTK had no bad news just dipped for no reason. Also playing IBM as a steady great value tech here (alost the last one left) and CPQ as I mentioned. CMGI my only big net stock because I think its still a value at 30 PE.
Sector rotation is where its at now I believe. Retail and software now. Boring cyclicals next maybe. Or quit while Im way ahead in february or march. Am watching oil prices carefully, the only bugaboo, but it shouldnt hit the market until after Xmas. Y2K will probably be a major non-event unless you live in a third world country maybe. SHould also be great for the computer sales as so many will upgrade.
Up 60% since mid October. Looking to make that 100% before I quit. |
