My Z holdings:
I'm sponsoring some NEON, as well as QCOM, QLGC, SNDK and VSH. Since purchasing for the Z, the fundamentals have either stayed the same or improved on all of these, IMO (VSH in particular has just announced an acquisition and concurrent share buyback). Valuations are admittedly pricey, but relative to the NASDAQ seem ok if not downright "cheap"! <g>
I continue to own all of these issues personally, although imprudently averaged down on NEON to the extent that it is over 25% of my portfolio. And yes, I'm into margin (but am using only 1/3 of my purchasing power at present).
The months of August and September scare me, and Brinker and Brogan think we will soon have a retest of the May lows. I feel that we are balancing on a razor's edge, so don't want to move too quickly one way or the other. <g>
Today I moved all of my 401(k) plan investments to cash, as a defensive move probably through the first half of October unless we get an obvious buying opportunity sooner.
I'm watching my Z sponsored positions closely for signs of impending breakdown, but stochastics and MACD are favorable for all of them as I read the tea leaves, so I will stay the course for now.
Best to all,
Paul |
