Lifeisgood..honestly, I don't have a fundamental case, and neither does Buffett, which was why he never bought tech stocks (I think he did buy 2 sometime this year, but not sure).
Based on fundamentals, my short of MU back in early 2001 in 40s should've reaped benefits very quickly, but it took 3 2 years for MU to finally got to where it is. How much did I profit, a measly $3-4, I think.
If you are into fundamentals, then I think you exclude yourself from most tech stocks.
INTC, for example, is trading at a HIGHER PEG now than at its peak back in 2000 (back then, its growth rate was something over 50%; now, it's lucky to be in double digits).
I play the odds. Sometimes I win, sometimes I lose. But I, like you, have won enough to still be playing.
Let's say GE gets to $12, that gives you a pretty good fundamental case to go long it, no?
What happens if you buy 1k shares GE at $12, then next day, there's a bombshell that it did a Worldcom on its balance sheet and pension funds, and in no time, goes to the pink sheets?
ok, let's not clutter up Velo's board with this stuff. Let's talk via PM.
To Velo and all, very sorry to hoard up the board. |
