*AV*--Actually I am not sure what you are driving at Kevin. From Dec 3rd till now was admittedly rough riding but a great deal of profits in the techs has been made over the last 2.5 months. The volatile yo-yo pattern to some of the stocks has been profitable.
Stock you like such as IDTI. KLIC, AMAT and SFAM along with KLAC, UTEK, CYMI, ASMLF, TER, ASYT, DPMI, PAIR, ATMI all have made dramatic profits in a relatively short period of time. Back and forth.
So I guess my question that I really do not understand your comments.
Truly. Are you saying we are near the end of a correction, we have stagnated, we are still in the correction, we haven't seen the bottom yet? The prices may very well be close to the Dec 3rd price range but the interim volatility did produce profits. I know I do not agree that there was grovelling in this timeframe since money has been made.
I still think that this is a market of stocks and the group, as a whole, has done well in the chosen stocks for investment. You have to admit that my run on ASYT/ATMI and your run on SFAM, to name a few were phenomenal in these tenuous times. Good Fundamentals and great TA coupled with actions resulted in profitability during these "uncertain" times.
The original minimutual was down since Dec 3rd and made a remarkable recovery (it did take some extraordinary tactics) and then some prior to going to a great deal of cash. That cash is being used now to go KMart blue light special shopping.
I think both of us were "selling umbrellas" in the middle of a rainstorm, much to our credit. I am sure that both of us are now getting properly positioned for the "next uptrend" you mentioned below. But to our credit, we prevailed along the way. Don't you agree?? Or are you warning us that you believe the bottom hasn't fallen out of the tech sector yet and the uptrend is still off in the distance??
Andrew
Dec 3rd
As it turns out, these two seems to show that there may be more to down side for the Techs. And, even if we are near the bottom, there should be another 3-4 months of grovelling near these levels before the next uptrend begins.
In short, although prices are pretty low, there could be some rough riding untill the next upsurge. Anyone interested in some nice retail stocks?
**********
Yesterday
Ok, so 3 months later we have most of the semi and semi-eqips in the same price range they were in on Dec. 3rd, right before they got thrown kicking and screaming down another flight of stairs. That kick turned out to be the bottom, so far. |
