Well Greg, I got stopped out of so many stocks in the past few months I had none left at the broker. So now starting to
rebuild veeeeeeeeery slowly, still looking for an LT stock
even if trading seems the new way to go.
So we don't know which way the market is going, but I expect a blurp on Friday employment data?
On major tech stocks, I think anything with a P/E >20
is risky because a person can find Dow stocks with dividends and some growth that could make up to 10%/year
and better security. After what happened to NAs stocks,
less risk should be in great demand.
Considering what happened to Dell, Qcom, Jdsu,Yhoo, aol,
after the last splits, its my judgement that momentum was driven by public demand rather than fundamentals,and when enough stock was on the market they faded away, or went down a ski jump.
So because of many splits,I classify Msft, intc, emc, csco, orcl, in that category which may be the Amelia Earhart types( they never come back). Another reason for not getting back in them is the incredible noise and manipulation (talkng faces on CNBC) that drives them up and down like yoyos. Like favorites in a horse race, they become popular
losers.
In a few years the buildup of Internet storage areas(IBM)
and installation of fiber cables should be substancially
finished in the US so the low lying fruit is gone. But many large companies will tell us they plan to grow 20% or 30% a year forever which is too optimistic because competition is going to reduce prices.
None of what I said applies to trading, one has to do what works(G)
NAS=down, Dell=up Q down Sdli up- Looks like a hairy day
Sig -> ally accd gbx rtix mdc dell glw |
