Sarmad/RtS,
It was good hearing from you, now and throughout this past year. The year was certainly full of surprises as far as I was concerned. At the beginning of the year I expected an improvement in the indices, but not as much as actually occurred. I never cease to be amazed at what I consider to be illogical movements in the market, but then, that's the way it has to be doesn't it - if it weren't that way, it probably couldn't exist if we all thought the same way.
Just a comment about the Group, and the SOX, and I think to most any index that gets established. People talk about "sector rotation" periodically, but I see very little comment about "rotation" of valuation within each index itself. When I started tracking the group of individual stocks that make up the Group several years ago, I never expected the constant rotation that goes on within the Group. I have posted many of these comparisons over the years, and the spread from the top positive performing stock in the Group to the worst performing stock in the Group is usually extremely large - the recent example of MTSN being up 24 percent in the last 7 weeks while CMOS is down 22 percent in the same period is the "norm" and not the "exception". It made me realize how important it is to be a good "stock picker" if a person really wants to make money in the market in terms of "swing trading" or longer term "buy and hold" type trading. Not only do you have to pick the right stock, but it must be bought at the right time and sold at the right time - extremely difficult to do as we are all well aware.
Having said that, this year is drawing to a close so let me wish you and all the others that participate in and/or read this thread, a very Happy and Prosperous New Year, both personally and financially.
Best Wishes,
Don |
