Hi, Judy, Tom,
Welcome back, Tom! I can't resist to post due to Judy bringing up 3
of my favorite topics - AMD, TXN, and Tom Trader.
One thing I learned early this year - never invest against the trend.
I agree with Tom that market sentiment has changed due to the aging
bull, economic isssues, and people park their gains in defensive commonity -- notice gold has been bottomed out?
Unless you want to cash out everything waiting for the sky to fall, this is the time to replan your investment strategy for protection.
I am in the middle of summer cleanup -
1. taking profit, at least 50%, on the hi flying ones, like rmbs, cymi, cien (actually cien starts to look attrative to me now).
2. restructuring my core holding - to sell csco/coms/intc/cpq/txn 98
leaps in order to get into 99/00 leaps. I only hold the leaps for
companies have at least 30% absolute upside target within next year to
hedge my risk of investment. Every Friday last few minutes before market close is the good time to pull the trigger for best price. I am a stringy buyer these days.
3. regarding my immortal beloved AMD - I am betting on .25 K6 to be
adopted by some Tier 1 box makers for Notebook. According to AMD roadmap - Q3 sampling and Q4 production.
4. keep at least 30% cash to pick up falling angels and put a stop-loss once you own it. I had several winners to be stopped out - mu, asnd for example.
dee |
