What do you think of this whole mess BB.......... This stock and the whole phat stock market picture?
The whole mess is really a shame. There are just too many fine companies that are not surrounded by 'mess' for one's investment capital. Management is such a key issue and always hard to read, but it doesn't always translate into the share price of a company. To say that Broadcom's decline was 'unique' in this market would be misleading because plenty of others have taken such hits. However, the events of the recent few weeks in regards to Broadcom proved your point beyond a reasonable doubt. Kudos and salutations. It will be interesting to see how the company comes out of it all and how long the tarnish takes to be overlooked.
The whole phat stock market picture?
That's a little more difficult to grasp. The big "M" in Bill O'Neil's 7 point structure of looking for stocks. Nasdaq, S&P as well as plenty of international borses in official bear market territory. We certainly have a lot of whacked out climactic things coming together - oodles of predictions of Nasdaq 800 - 1200, ten year secular bear market predictions, global economic forecasts of jumping off the cliff, Cramer screaming to sell technology 'now', Japan being Japan, OPEC meeting for some nice cups of coffee here in Vienna on Friday to exchange pictures of their grandkids, everybody blaming Greenspan or anybody they can and the combination of a bubble mixed with an economic slowdown wiped out $4 Trillion. $4 Trillion!!!!
Plenty of select valuations reached attractive points in the past few days that those who might be interested in the intermediate or long term could benefit by crossing the 'fear' barrier and making some educated, protected plays. On top of that, plenty of others screaming 'sucker rally' and run for the hills. Oversold, overvalued - you name it, everybody has an opinion at the moment. On top of that, there has been no question of sentiment and the direction that sentiment has taken the market. Nothing like market history lessons confinded to a 12 month period to instruct all of us of the issues involved in public markets.
Tell me when you're going to go long something in the semiconductor space. AMAT has been fixed on that $40 to $50 range for about 5 months now. What's the market telling us right now in the semi-equip's? It's the traditional first bottom and basing thing to be focusing on in tech. What's your take? For that matter, the NYSE has been basing for about 2 years in terms of going flatline
BB |
