I lightened up on only one thing.......sold my LPTH...average cost was $16 on this batch and I had been writing cc's which got me out about even today. Not gonna sell anything else......will hold for the next 20 years and see where sunw, jdsu qcom, atml, sndk and etc....are then. Still have small amount of cash in my ira....just sitting.....I was hoping to pick up a quality tech for $5 or $6 like orcl, sunw, jdsu and etc......whatcha think...if I hold out, think I'll get me a good long term hold on the cheap. Impressive rally so far today, but still not convinced the bear is dead <ggg>......I'm in a quandry...on one hand, I am pretty much fully vested so I want the bull to come back strong and quickly.....on the other hand, I still wouldn't mind buying a bargain or two for the old ira, and would rather buy low, then high.........anyway....I like the long term prospects for lpth and now that I sold it, it will probably take off like a rocket, but I dont see why I should hold lpth at $10.50, when I can buy a company that is currently making a profit for about the same price....lpth may have a bright future, but with all the quality stocks that are so beaten down, I figured I'd bail on the lpth and maybe pick up something else...........
Keith.....looking for some beaten down quality techs that are not only beaten down, but are cheap and reasonably valued. |
