Hi aerosappy -
Thanks for the well thought out message.
I will have to agree with you on items 1,2, and 3 - although I suspect that stuff like AMZN, YHOO, etc. will keep dragging the index lower. By the way I LOVE Amazon as a store, and hope they survive, and I like Yahoo. Biz models need work, and they are still over valued.
4. 35% of NDX in MSFT, INTC, QCOM, CSCO, ORCL and the two bio tech, AMGN & BGEN.
I think the tech tech side of these are over valued with their best days behind them. I expect Amgen AMGN could have 3 -4 more drugs in the next 10 years almost as big as Epo, so I think there is upside in biotech.
How does Microsoft and Intel grow - computer penetration is already really high where's the "must have " ?
Cisco has lots of competition - and the price of routers has dropped.
Are you buying LEAP puts of LEAP calls ?
QCOM is a lucrative technology liscnesing operation, but #G will be stalled for a while
And the chorus, they are all WAY over valued. |
