I think it is just great that we can have this kind of a discussion
even if many of the comments are hard to take
without nasty personal attacks like one sees on so many threads
comments from "both sides" make a lot of sense
but overall the trades done here of late have not been positive
many of the stocks in this portfolio are decent companies that will recover over 6 months to 3 years
and it does make sense to have a small % of the equity in them; maybe 2-5%, but not 5-10%
and lets be honest, some are just dogs that make ne sense to hold at all other than as a pure crap shoot
my comments:
anad
ok to hold small, sell half
aol
ditto, I sold my half yesterday
aye
fine but lighten up sell 500
ba
ok
cien
ok, maybe, but will take a looong time to get back even
cnc
sell half
cpn
ok
csco
ok
glw
same as cien
gnss
ok
gumm
this was bought about three years ago in the low teens?
seems ok but why not swing trade it instead of holding and tying up 10% of funds?
intv
a dog but fine as a 1% spec play
jdsu
same as glw and cien but but $100k is way too big a bet
km
in bankruptcy; a waste of investment; if one can't admit this was a huge mistake and dump it all then at least cut to 10k shares, hold it for 5 years, and pray
len
after a monster 2 year run the sector topped; real hard to say if it will recover to new highs; a stop is needed
luv
ok
nuan
cut to 4000 shares max
orcl
same as cien glw jdsu
sell half
pmtr
see km
qqq
ok
rei
put in 2 stops, half each, to protect the great gains
soss
an ok spec bet
spwx
sell 2000, hold 1000 for a few years on spec
tfs
ok with a hard stop
an overview comment, there is $220k in basically the same stuff, ie, cien csco glw jdsu orcl; that's about 20-25% of the portfolio
I would bet that the performance of the QQQ or any one of many sector funds or a "holder product" will mirror that basket of stocks with at least a 80-90% correlation which would be a somewhat safer bet and a lot easier to monitor and swing trade |
