Hi Lynn,
My thoughts exactly...
Those SUN 2003 $ 70 LEAPS are looking awfully tempting...
I found this in the Dell thread, posted by a guy named TTO something....
"Brian Gilmartin, portfolio manager at Trinity Asset Management in
Chicago, is using the market's current state of confusion to "reshuffle
the portfolio." Translation? Selling names such as Dell (DELL:Nasdaq
- news) and WorldCom (WCOM:Nasdaq - news) while adding to
existing positions in Cisco (CSCO:Nasdaq - news), Applied Materials
(AMAT:Nasdaq - news), EMC (EMC:NYSE - news), Sun Microsystems
(SUNW:NYSE - news), and Wal-Mart (WMT:NYSE - news).
Gilmartin runs about $40 million in separate accounts at Trinity, the
largest of which was up 10.2% through July 31 of this year, vs. a 2.6%
decline for the S&P 500.
The fund manager admitted it's not an "opportune time" to sell Dell
and WorldCom, but believes the other names will do better going
forward on a relative basis. To wait would mean having to buy them
at a higher price later on, he fears. "I've got to position things so when
the next momentum market hits, I'm in the names that will do best."
thestreet.com |
