Ted Re <<Just because you cashed out, you don't have to rub it in.>>
I am not, just trying to encourage some business for all the alcohol stocks I plan to buy on Monday.
Most seem to thinks that Monday will be another bad day, I am not so sure since everyone is expecting it.
But I still tend to lean toward the "sell the rally" group vs. the "buy the dips" folks in the short term. There still remains a lot of stocks which are very over valued and Nazdaq as a whole is over valued. Just take a look at PE's of SUNW, CSCO, EMC, DELL, MSFT and INTC. And of course you got the highflier like JDSU, ETEK, RBAK, JNPR, SCMR and a bunch more which remain probably still 80% over valued. And you still got the biotechs, B2B's and some software related high fliers. There is a whole lot of room available on the downside. If the bluechips sell off, if internuts sell of, they may take down AMD with them. At what price do you think Nazdaq is a bargain, 3000? 2500? 2000? 1500?
I think AMD got to be one of the most obvious winners over the next 12 months. I just want to be patient with getting fully back in.
Mani |
