Steve,
Wish I could do that, but I trade for a living and like the volatility of the techs, but even the best of them become 'tech wrecks' at some point, and I don't want to be in when that occurs. I find that I can make good money buying blocks of quality techs and trading them, my main objective is to preserve capital and to not get caught in the Ascend of the day. I remember trading the networkers this spring after they got the crap beat out of them, even today, lots of folks say buy Cisco and put it away. Hell, I say the only way you made money in Cisco over the past year's bull market was to trade it, as it went from the 70's to the 40's, then back to the 70's, for a net zero gain over just about a year. Same thing with COMS, if you bought anywhere nears it high's last fall (80's) you are still losing lots of money, and if you were a weak hand and sold out when it hit the 20's this past spring, well, what can I say!!! It seems to me that Dell and Compaq are somewhat akin to this 'goldilocks' economy we are in. Lots of folks say good times are here to stay, experience puts me in the 'pessimist' camp!!!
John |
