Rande - some excellent posts, especially about now not being the time to panic. I don't know, call me a contrarian as well, but there is so much bearish sentiment I've read tonight - I see it as an opportunity. Shoot, INTC is one stock. Other majors have warned in the past without bringing the market to its knees. LU is probably the most widely held stock in the country - and when it first warned a year or so ago, it wasn't the end of the world for the markets. MSFT, while a different scenario with antitrust problems instead of a warning didn't cause a market crash.
Come on folks - sure, Intel has been a big cap leader on the Naz - but its one stock. BTW, if anyone here have been following our posts on AMD, people may have started questioning the advisability if holding INTC earlier. AMD has been taking business from Intel. Intel says demand in Europe is week . . . however, some research I did just a week ago pointed to strong overseas demand for PCs in the 2nd half of this year. So what does that tell you - its not that the PC market is week, but rather that Intel is losing business to its competitors (ie AMD). Sure, the forecast could be wrong, nothing is foolproof - but lets remeber - this is one stock, with issues probably more specific to itself than to the broader market. So any big sell-off that INTC cause in the markets should IMO be looked at as a gift to buy our favorite stocks at bargian prices.
Been about 50% cash as of late (although as I posted before, I did add a decent amount of HGSI after the bell as a motley fool rule breaker momo play) so I'll be playing it smart, adding my favorite stocks on weakness - and not selling any of my favorite longs at firesale prices. In a week or two, it will be somthing else driving the market, up or down.
As Rande likes to say, Plan your trades, trade your plan. |
