Thread,
After calling people stupid and SOBs in the previous thread, I will give everyone an opportunity to hold me up to ridicule. I will state for the record my new investment plan. If I am wrong, I will suffer the double whammy of not increasing my wealth and having everyone know about it.
I will buy equal dollar amounts of:
AMAT at 35, 32.5, 30, 27.5, and 25;
NVLS at 35, 32.5, 30, 27.5, and 25;
KLAC at 30, 27.5, 25, 22.5, and 20;
LLTC at 35, 32.5, and 30;
MXIM at 35, 32.5, and 30;
ALTR at 18, 16.5, 15, 13.5, and 12;
XLNX at 34, 31, 28, 25, and 22;
I will "round up" CSCO at 18.96 and ASYT at 10.125.
The purchases total about 1/2 of my current stock value. Together the current stock and anticipated puchases make up about 8 to 9% of my net asset value and 15% of my liquid asset value.
The price targets for AMAT, KLAC, NVLS, and ASYT are based on current book value and the relationships between historical book value and cyclical lows.
The price targets for ALTR, XLNX, LLTC, and MXIM are based on current and historical earnings and low prices during the 98 downturn.
The price target for CSCO is based on the price to sales ratio and a caveat in Ken Fisher's "Super Stocks" to avoid spending more than 6 times sales for a stock.
Feel free to flame me on this plan, but be warned that my use of criticism might increase my potential for gain. |
