Rande,
No doubt you were right about the timing. I promised myself that this year, I would not overtrade and maintain my positions in solid companies until fundamentals changed about the company itself.
Essentially, I am trying the old buy and hold method.
Now the NASDAQ drop caused much pain and I see that I should have sold. But in the long run, should I have? I still own companies with solid fundamentals in solid industries: adap, aol, brcm, ibm, jdsu, lptha, mot, nok, sfa, vtss.
So my questions to you (and anyone) are:
1) Do you think the buy and hold method is a losing (or less of a winning) strategy for today's market?
2) So what does the tech investor like myself do at this point - not two weeks ago, but right now?
3) I was under the impression that you kept a little more in your core holdings (more stocks that is) than I think you do. A couple of weeks ago, when you said you sold out of all techs but a few (lptha and a few others) did you mean that you sold your entire position?
4) Summer Portfolio ideas - are you sticking with the one you made earlier?
Lots of questions, I know, but I am sure many others here are wondering the same thing.
Thanks Rande for all the assistance you give on this thread!
Paullie
By the way, last week I promised a report on TDY - well, when the stuff hit the fan beginning last WED/THUR, I got out of tdy - glad I did, around 16 now. It still has potential as a value play (but was touted as a growth play and cnbc pumped it and traders dumped it the next day - incredibly crazy)
Anyway, never did put that report together. Instead, I have been reading that Optical Future article over and over again. I am trying to learn about some potential future high fliers in the optical arena- no complete assessments yet. |
