Hi Troops. I mentioned last Thursday I was getting out of QCOM unless some good news came out soon to get it moving. Got a lot of messages after saying that. Guess I shook a few folks. I've been studying a bit since then and I've not changed my view. I'm still a BULL all the way and for a long term holder, QCOM is a great holding. But, as I said in a post the other day, I do options, and the style that I do best is move in/out of positions periodically. I am not a trader, just an aggressive options investor that takes large positions selectively. I assume the risk. Sometimes I lose big, but more times I win huge.
I still believe that JDSU is going to kill the numbers next Tuesday and have a great conference call. I think it will buck the recent trend and not sell off after earnings. If I am wrong, I get kicked in the teeth. My largest JDSU position is a Sept call position, so I have some time to rebound. I'm holding on JDSU.
CREE.... I am holding on it. It has held up pretty good in all this.
My last position that I have, as you may recall, is BRCM. I still think it is a great stock but I've played that one out, too. I think I'll rotate out of it this week if we get a bump, just like what I plan to do with QCOM.
I will probably buy QQQ calls and puts for awhile, or at least until I feel a bit better about a market trend.
Overall, I still believe we are all going to get rich again this year. I believe 6-9 months from now, as I've said before, we will be looking back at this awful time and just smile.
I'm still a BULL!
Just thought I'd pass what I'm doing along for whatever it might be worth. I always enjoy knowing what others are doing.
Hope everyone has a happy Easter.
Rick |
