Man, I was this close to shorting Dell yesterday. That
would've just made my year, with Intel's news last night.
My portfolio sealpoint.com has had
a solid year, and a short yesterday may have cemented
it. As it is, I'll see how my "value" portfolio handles
another market downturn. Hopefully better than October,
when I lost 2.6% on the 27th despite being 40% cash.
That said, I will be looking to acquire Intel. It appears
the market is focusing on the short-term, when in fact
we are in a lull in the software/hardware cycle. No new
software is around to stimulate the purchase of Intel's
latest greatest products. But it will come. Intel's R&D
edge is just huge. As with Nike, I won't touch Intel
unless it's ridiculous (below 60), and I won't look at it
as a cost to me if I miss an opportunity.
Looking to pick up Callaway Golf in the low 20's, Adobe in
the 30 range. I am looking for other ways to add tech
exposure to a value portfolio. Ideas saught.
Good Investing,
Mike |
