I believe the G man speech will cause hardly any havoc in the market Friday, INTC is going to over shadow it. The market today should of taken VOXX blow out as an indicator of how well QCOM will do, but it was totally over looked.
JDSU and EXDS are ready to move to new highs, and ELON is smashing higher, it has legs, ELON might move lower to work off the excessive rapid gains it has had, but every dip can be viewed as a buying op. ELON is in the right market at the right time. While QCOM is mired in last years success. JDSU and maybe EXDS will do better then QCOM this year. The LU news has given JDSU the right to swagger all year long, as long as the company delivers. The above is why I have move some funds out QCOM to JDSU and EXDS, along with reducing margin. I see QCOM regaining it's winning way, without the torture we are in now, after the annual Oct/Sept selling, when HDR becomes more in focus. In sum, I see no reason not to have QCOM in ones portfolio, but it's % weighting should not be as high as it once was.
I little sidebar, the G man mentioned Bio-tech, that is the first time I have heard him talk about what is happening in that very exciting sector.
Greg |
