OT re CSCO, EMC:
Well, I was more nimble with CSCO (in at 30, watched support failing, out at 31). But I was less nimble with EMC (in at 49.8, the stock gapped down at the open the next 2 days, bottomed at 34, I'm still waiting for my sell order at 49 to happen.) I think maybe a rule for this bear market should be: don't go long anything that has set a new low in the last month. 25 failed on CSCO, and there is still no bottom on that stock. I've noticed that Value Investors, people who pay attention to PE,P/S, PEGs, are starting to post on the SI tech threads, looking for an entry price, starting to be attracted by the valuations. But just starting. |
