El, the problem with these pullbacks is that a lot of stuff gets "cheap" and sometimes it is hard to pick the best buys. From a valuation perspective, Intel is one of the more expensive chip companies. There are others that are cheaper and with solid earnings, such as CY, LSI, and AMD. They are also more volatile and may give you faster appreciation and opportunity to make a few bucks, FWIW. Recently I have owned AMD and CY, but have unloaded them both. Today I own only CPQ, JBL, and FLEX. I have some cash on the side, but have not decided to pick up another stock or even to add to my positions here. I had been thinking of CSCO since there was huge call activity either yesterday or the day before yesterday, in the order of 20,000+ contracts being purchased, which brought the stock to 42 or so from 39. They release earnings in ealy Feb and if the FED makes a favorable move, that puppy will move 20% in a heartbeat.
Best, |
