SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Suresh who wrote (30536)12/6/1997 3:31:00 PM
From: Tom Trader  Read Replies (2) of 58727
 
>>I want to buy into lot of semi's when the whole world hates to touch them<<

Hi Suresh--I have found over the years that the approach that you have suggested re the semis works for most sectors. In one of my retirement accounts I buy stocks in quality companies within a sector that is really washed out when no one wants to own them and then hold until I obtain a return between 20-30% -- I then cash out and go back into money market funds until the next opportunity presents itself. Have done it over the years with oil, utilities, tobacco, airlines, tech sectors and so on.

It is a very simple contrarian approach but it works everytime though one may go through a period when the value drops even further. Washed out sectors at this point are the semis/semi-equipment makers, dd makers, HMOs', gold mining stocks and to some extent the net-workers with the notable exception of CSCO. Am looking to go long the semis/ semi equipment, dd makers and HMOs before the end of the year.

>>PS: News for gold bugs; Indonesian banks sold all their gold holdings and they have purchased US bonds from the proceeds<<

I was way too early getting into gold and have paid the price -- but the sale by CBs' of their gold reserves is an almost classic indication of a bottom sooner or later and the move into bonds probably suggests a top of some consequence in the bonds. I have too much in gold stocks otherwise I'd buy some here based on the washed out sector premise and be out if I get a return of 20-30%

Regards
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News