Today I did lighten my commitment to QCOM and increased my position in GMST
Yeah, I've been thinking about doing exactly the same thing.
But dadgummit, I decided at the beginning of the year that I was going to stick with LTB&H. I decided that Qcom would be the best young gorilla, and most Cisco-like, for the long haul, and that I wouldn't sell a single share. Just like Robert Jacobs and his MSFT. I'm still young enough, mid-40s, such that if this is a mistake, I think I can recover OK.
On the other hand, given Q's performance this year, holding it violates Lindy's Russian Army approach. But because Q is a young gorilla, and MOSTLY BECAUSE I SEE NO DECREASE IN THE UNDERLYING FUNDAMENTALS, I'm going to stick with what I have, and reassess at the end of the year. I'm about 75% Q, so you all know what my portfolio performance is like this year. Trying to be patient. <G>
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