Thanks, DO. I've added to some holds but have not gotten back in to some I sold at Jan's top (QQQ, JDSU, AOL, IBM, MSFT among them). Others I've swapped in and out of (JNPR, SCMR, LPTH, etc) to maintain a similar number of shares at a lower basis. Still, I've given up at least half of January's gains (and I wasn't looking too good going into January, either!).
Once again, when I sold some I should've sold them all...I keep getting older and more experienced but not much wiser (or richer!).
Time is as relevant as price now, imo. Techs need to find and hold a bottom long enough for traders, investors and businesses to catch their collective breaths...and that ain't happening yet. Inertia (momentum) is a powerful force even at market extremes. You were right to remain sidelined as long as you have. I like your picks and I like mine, too. Both will pan out in time and the downside keeps looking more and more limited as prices collapse!
Best Regards,
Mark |
