Jeff, First Off, I Sure Wouldn't Sell The Major ECM
stocks at this price. If you haven't sold already,
(which in the main I haven't), it's already too late.
The position I am putting myself into is one of being
able to ride this thing out, since I feel I am behind
the curve on executing my strategy --- that of bailing
out! (just kidding). Secondary, to have enough of a
cushion to catch any tremendous values which may present
themselves in the near future.
I don't have a handle on the fundamentals which drive
the distributors like Avnet and Arrow so am no help there.
But just remember, just because they haven't fallen yet,
doesn't mean they won't fall tomorrow or next week. Just
as various sectors in the tech area won't rise all at the
same time, they won't all necessarily fall at the same
time either. Sometimes it just takes awhile for the short
sellers to notice and go after them. <gg> Note also, that
I'm not saying they will, just that perhaps there is some
time lag involved in where they will go next.
My touchstone is somewhat different from yours. I use ECM
stocks as a proxy for both the tech sector, and for the
economy. We all know the ties between ECM's and technology
so I won't repeat past posts. The cross reference I use
is commodities. Falling commodity prices in beef, oil, steel,
copper, aluminum, paper, etc speak volumes about the future
prospects of the world economy. It is the breadth of the fall
across a broad range of commodities that concerns me here.
Good luck. Peter. |
