I STILL think that all that is happening is a deflation of pe's and peg's that has gone far beyond what it should have. I STILL think that the market is predicting economic problems that are non existent, although starting to become self fulfilling via the anti-wealth effect. Therefore, the rules for buying "value" haven't changed. Everyone of those companies you mention is cheap, and from cheapest to most expensive would probably be: NVLS, ADI, AMAT, MXIM,XLNX,LLTC,KLAC,MXIM. This is off the top of my head but I am pretty up on numbers 24/7(and it's killing me.)
And I wouldn't pick one over another because of value...lsi looks a lot cheaper than klac, but I'd take klac first, for example.
Mr. Market has now driven prices to historical lows, while it appears the worlds economy is at a kind of trough and crossroads. How convenient. Can we survive the insanity of the market until it adjust itself?
As far as portfolio management, position yourself for NO FORCED SALES, NOW. Sell only to change to a better horse but be very sure. In a mo mo market the rule doesn't apply. Be as sure as you can but keep the above in mind.
Other than 7/5, this was the first Friday since early March with a strong close?!?...looks like it to me. And we were working on back to back insides days when we broke to the highs. Very good indicators. Yeah I am scared shitless anyway, but I am doing what I am suppossed to do at a time like this. |
