Good call, Ted, but don't you think they're highly valued already? But, there has to be a leader group, doesn't there.
Tony,
Isn't the leader group always overvalued because of high growth rates and everyone wanting to own them? With BRCD, I bought in around 180 and put a stop loss in place to protect myself. The company had a blowout last quarter and gave great guidance two weeks ago. It was trading at $267...I figure I got 'a bargain' at $180. The stock splits at the end of the month...total number of shares then will be 220 million, a pittance compared to the Dells, Intels and CSCOs of the world....so if BRCD is the next MSFT or CSCO, then I am buying near 'the bottom' so to speak. Can you appreciate my rationalization? Does my weird logic make sense? <g>
BTW, assuming we are at the end of a semi cycle, do you remember how long it was when the last cycle ended and semis started gaining strength stock wise. Was it after the new cycle had begun in earnest? The semis were down when I first started trading 3 years ago but picked up pretty quickly about a year after I started. I guess what I am asking is, do you have any idea, based on past experience, how long Intel and the major semis will be range bound before moving back up? Buying some Intel for my 401 tomorrow but want to add to my trading portfolio at some point in the future when the outlook is looking better.
ted |
