Steve, right now is not the best time to be starting positions. You must have missed all the buy discussion here from a while back. Many of us began gradually positioning back into high-tech chip stocks like RFMD, AMCC, PMCS, AMD, etc. a while back and are already taking profits. You have to go with the flow. Fibre Optic stocks have been board favorites since day one. So many of us have positioned into GLW, CIEN, JDSU, FNSR, LPTH, MRVC, NT and LU while they were WAY down and are already beginning to take profits, while looking for a pullback.
And of course small and micro caps have always been popular here. . . many of which saw some serious percentage gains in recent days. . . and are in a need for a rest.
What I have been saying all month long is to look at the fundamentals. Don't just pick the same 'ol names. Do your OWN due diligence and know why you are picking the stocks you are picking. I don't spoon feed here. Never have. And officially. . . .everyone here is expected to have a BALANCED portfolio containing Bonds, Cash, Foreign Equities, Slow-Growth Value Stocks, etc. . . . .while their Trading Portfolio contains disposable cash which is put to work in various ways [long and short] as volatility increases.
So with all that in mind, "what do you like best right now to hold onto for a year?"
I still like our long term SAMs the best.
Rande Is |
