tom..."markets turning and rubber bouncing"
my intent has always been to create a more cautionary stance on any issue which has a strong downward momentum intact......i've been vocal on the likes of brcm, extr,avnx, jdsu recently...past felt the same about others such as qcom, intc,msft,etc.....i prefer stability and some semblance of basing in this type of environment....still all a risk
better to wait until the sharp edge dulls, due to the bounce and make an attempt to pick the knife up by the handle as it nears rest....what at one time is a potentially lethal weapon, now becomes a beneficial tool....
most assuredly quality will recover, all part of a somewhat (un)natural ebb and flow of accumulation and distribution of assets......but i would exhibit caution in companies that have not turned a profit ever, are burning through cash,and will not have the ability to survive a slowdown...too many bargains in quality, why buy dreams? many still have not learned the error of their ways...
jim "perdue in motion" willie speaks volumes of an economic reality......tech will always be with us, but some sectors are more essential then others...infrastructure will be cool, specialty chips that are daily requirements for all we do will be a bit warmer....
good luck
ed a,
p.s...watch intc today...if it trades in a narrow range, and doesn't test its low, then this is a positive sign for its peers, meaning fairly or undervalued growth companies....still dismal for high pe's...first true leg up will seek the former... |
