Jill, this election thing is making it so hard to "invest". I hate just do short term trades but have decided to avoid December calls. January is going to be my shortest expiration after I sell some of my Dec calls and move them out to January to June.
The election is creating too much unpredictability. However, I would say that the market has seemed to factor in all of the turmoil. There are enough longer term investors (mutual funds) that will come in to buy any significant dips on such short term happening like the election.
I have decided to avoid the very high PE stocks in tech. Sticking mostly to "growth at a reasonable price". Cisco is about the highest PE stocks that I hold in significant percentage of my holdings. That means JDSU, GLW, PMCS, AMCC, VTSS, JNPR etc are off limits for a short period of time.
I do want to get PMCS, ADI, VTSS and JNPR, averaging my cost down over the coming month or two. JDSU and GLW would be next after that.
Presently holding lots of MSFT, INTC, CSCO, IDTI, CMOS, MU, SMH, HWP, GTW. Building small positions so far in PMCS, ADI of the higher PE stocks so far. |
