r.edwards,
I bought small amounts friday and monday.
SNDK used to be my biggest holding until around aug99, when I took my 1st sndk profit. I sold and bought a few times after that, and held only 1/3 of my peak holdings of which I sold all on mar10.
I now hold fewer stocks in total, but only because I halved my holdings in stocks since early march, and bought back a small portion in last wk of mar.
I try to do cost averaging rather than trying to time the purchase. The nasdaq correction recently, has made me rethink that strategy (not every dip is a buying opportunity). The friday drop meant that almost all my buys in the last week of march are losing money. The ones down > 10%, I will have to sell, but you can't fight market sentiment, so the strategies that worked very well for over 2 yrs in a bull market seem to be failing me now. Right now, I hope that investor confidence in the semicons-related techs were not shattered by the recent beatings these companies take.
Re : ML projections. Analyst projections have as much chance of being accurate as any of ours, the only thing that matters is if enough people believe it.
I have no problem with SNDK being a good long term investment. Enough confidence to get my toe wet at this level, but I always try to be clinical and sell when losses exceed 10%. That has kept me out of serious trouble in the past. |
