Well gents......that IS the question isn't it? If you believe that some of the good earnings reports we saw this week helped us put in a bottom here, then it's time to buy.
If it's just an oversold bounce, and you think more warnings are coming, and the earnings of your fav's are going to be mediocre, then YOUR stocks are going down, and if they're important enough, might take the market down with it. That is, of course, as long as the oil supplies don't get disrupted and the ME stays relatively calm.
My three, last week, went to the confessional (earnings reports) and WON! TXCC, AMCC and PMCS all hit the cover off the ball. Broadband chip stocks, expensive or not, are where it's at.
As for RFMD, I sold my last week LT holding and made whopping $3 bucks/share. After holding for all of 13 months. Whippee!
I should have traded it, but you just never know that in the midst of all the euphoria. I should have used more discipline when it tripled in 7 months.
Steve |
