Thanks for the detailed reply Rande... I think we're essentially on the same page:
-After bottoming... Nasdaq will likely trade sideways for awhile.
-Looks like QCOM should hold up pretty well, barring any new protocol created by a major competitor.
-Given the idea that CSCO remains an assertive player, they too should be okay.
-And most importantly, the assumption that today's high fliers are the same as tomorrow's... could definitely hurt your portfolio. Issue's like JDSU and VERT were all but unheard of last year at this same time. Tough to bring down a gorilla, but it certainly is possible... especially in today's fast changing marketplace.
Perhaps more important than your favorite tech getting beat out by the competition; overall market dilution is a key issue as well. With one attractive IPO after another, foreign markets, and totally new industries that can seem to have evolved out of thin air... there are new places to put our money everyday. In the past everybody wanted a piece of a portal, an OLB, or an e-tailer. Now they want wireless and genomics stocks, fuel cell issues, B2Bs, and optical networking companies. What's next? XML companies? How about biometrics? Satellites? Full service financial integration (SVNX, SONE)? Others that we haven't even heard of? etc. etc. Seems like there's a new niche everyday.
Surely one needs to be on their toes, and if you've got a buy and hold strategy... your companies had best be strategic powerhouses.
Enjoy them DVDs! |
