One final thought: while many of the larger cap, top-tier tech stocks have made sharp retracements since April 14, there are MANY stocks which are off nearly 75% from their recent highs that offer greater percentage appreciation once the smaller-cap and second/third tier stocks participate. These are intermediate-to long-term (3-12 months) holds, but many may spike sharply well before then. Stocks I think bear watching are:
ABSC, ADAP, DITC, EMLX, EXDS, ELON, FFIV, GMST, GBLX, IBIS, IFCI, LPTHA, MMPT, NTAP, MERQ, PEB, and RFMD.
These are quality stocks that have one of the following qualities: market leader, stock in a red-hot sector, stock with proprietary technology (ABSC, IBIS, GMST), uniquely valuable franchise (GBLX).
These stocks are less amenable to quick trades but I think patience will be rewarded in many of these stocks at their current levels for the more sedentary portion(s) of your portfolios. |
