Glen, I agree with you about a short term selloff soon. But at some point one has to make a stand. I think back to October and Dell. I had been long Dell for over a year, had bought 400 @ 80 in Oct 96. 2 splits and a runup later, I had 1600 shares @ 102. After all the reading and fears I had about tech (especially after Intel missed in Oct), I sold all my techs, including Dell and Intel and Nokia. Dell @ 90, Intel @ 85, and Nokia @ 92. All 3 fell alot. I didn't buy cause I was still worried about the sector. Intel hit 66, Dell hit 70, and Nokia hit 63. All 3 are now above where I sold em. I did get back into Dell in the mid 100s, but not the quantity, and I missed out on 16 points as well, not to mention the IRS liability. If we (OSX) have another selloff, I for one will restart loading up on these, and put em away. Everything that goes around comes around, it will be this sectors turn soon.
Dave |
