Hello ACF Mike, <<Really, Jay, why do you care?>>
... isn't it obvious why I care? I am sure I had mentioned it before, many times, that I am very interested in the context within which folks advocate a particular position or an urgent buy or panic sell.
In your case, your <<AOC FDX YUM>> may qualify as growth stocks, but not tech equity, and so your <<Buy growth stocks and tech. now imho>> seem slightly ... how shall I say? ... well, let us just leave it at that.
I will just attribute the peak price to your top three holdings, as a marker, and I think justified because a day you do not sell is a day you bought, and there is no such thing as 'house money':
uk.finance.yahoo.com USD 29/shr
uk.finance.yahoo.com USD 76/shr
uk.finance.yahoo.com USD 39.5/shr
Now, brian h had posted on April 14th 2004 his thoroughly DD-ed little darling tech shares Message 20024371 <<AUO, SSTI, SNDK, QCOM>> at:
uk.finance.yahoo.com USD 28.5/shr
uk.finance.yahoo.com USD 17.31/shr
uk.finance.yahoo.com USD 33/shr
uk.finance.yahoo.com USD 69/shr
Oops, as to <<now you're calling it a correction, not a secular bear>> I was being polite. I think there is a good chance that brian's little darlings will get smeared across the counter to little more than 20% of current aggregate value going forward, and your top 3 holdings? little less than 40% residual value, after stablizing from a secular bear market. I call such moves a correction.
Chugs, Jay |
