I have just read the thread with keen interest and would like to participate. I'll try to keep my comments to a minimum in the future. You obviously have a very good handle on what you're doing - while I do trade fulltime for a living and I kind of know what I'm talking about, I am most certainly not in your league yet. There, that's my full disclosure.
These are nothing more than my humble opinions:
RFMD one of my favorites. I'd consider adding weight here by coupling it with VTSS. RFIC sector is going to explode, and my take is these are the 2 leaders.
The incubators may go lower still, but the Barron's Beating will be over soon...I strongly suggest this group in 3 equal parts ICGE SFE CMGI. So much potential. Huge. I'd average in slowly.
Buy at least a little LU here. Downside is mid-40's in a market correction.
INTC-I'd be buying AMD instead. Leaner and meaner; big market share jump last Q. Earnings Wednesday, major revisions up the last few days.
CMRC & CSCO top picks for me, but I fear the beating they will take in the correction (notice I took the license to change "a" to "the"). I'd have to wait.
A market correction could bring YHOO back under 300. Still 40+ points over 50 dma here.
AOL - I agree to wait. Have they even figured out their name yet? I'd like to be proven wrong. Half my relatives think it's the second coming. What a lot of fun they were to be with last summer.
DIS, WCOM buy and hold, reload on all dips. Real durable here.
NOK,MOT...would not want to hold them through a correction at all.
RNWK is really dominating its space. Actually just a hair above its 50 dma with recent upgrades. Sold off hard in December. It sure is hard believing in these stocks with 50,60,70 points between the bands though.
QCOM is on everyone's list, right? I'll be the heretic and say I think it's coming back to $100. real soon. Love it long term, I just want it at $100. once more.
I don't like any of the boxmakers. Take DELL if you must have one.
I don't like MSFT either. I'd feel safer taking a small chunk of RHAT. I'll be very interested to see how Windows 2000 sells to corporate America. When you're looking at spending many thousands for a large network vs. a coupla bucks for Linux...time to watch to see if there's a shift.
The train may indeed be pulling out of the station, and I'm just thick. If the afterburners are indeed kicking in this early, we are in for an even more painful (or is it "healthy") correction this summer. With a runup from here, particularly in the Naz, we are truly going to see the "unsustainable valuations" those unlikable bears keep talking about. Hey, Ron Insana...
Thanks for the thread and your efforts, which are clearly large.
BTW, you might be curious where I stand in reality. I went cash last week, and shorted 1K QQQ on Friday for a hold until the correction. |
