I also believe tech stocks are the last to get hit, when entering a bear market. Given the proclivity of momentum investing at this juncture in time, I can not convince myself to enter such a strategy until a severe sell-off occurs (Which might now be happening). I will look for clues of a bottom in these stocks and try to digest the strategy. Thanks.
Proclivity? Damn, I haven't used that word in years. Bravo! Depending on which gorilla game investor you speak with, many of us were invested long before any proclivities were viewed by others. There, I used it and I feel better....
I see you spend time on the market direction discussion board, gold price monitor board and how to write covered calls message board.
Certainly a dire contrast to gorilla game investing. However, since you have admitted not reading the book, there's not much point in continuation of the discussion. Happy bottom fishing and think 'enabling technology'.
Okay, I cannot resist. Bear with me, if you can.
You may have noticed more than a few computers on this planet use some form of a Microsoft operating system. You may have noticed that many of these computers have a microprocessor made by a company called Intel. You may have noticed that Cisco is not what Grandma cooks with - that's Crisco and we all know how unhealthy that kind of grease can be. However, Cisco is the grease that connects all those PC's together in the world and has been a very healthy grease to digest as an investor. One has to do with networking while the other has to do with shorting - I mean shortening. <vbg>
Likewise, we are noticing there are other companies that are worthy of notice for our portfolios that have the qualities we are seeking - regardless of bears or bulls or economic cycles.
I'm not denying economic cycles and the resultant movement in the indices from those cycles exist, but the attention given to our fascination with the companies that provide the enabling technology will iron out those wrinkles over the years as investors - whether a 'bear market' lasts two months, two years or even longer. That's a fact that we all have to deal with and I was curious how you happened to venture on to the Gorilla and King thread?
The best way to 'digest' the strategy is to read the book and lurk along. It just might alter your horizon.
BB |
