"Would you buy INTC now, or are you sick of it?"
If I only knew... I have no choice, cause selling at this point is not worth to think about.
Buying? YES, I would have bought Intel last Friday. Actually my position of 120 calls and 1000 shares is the strongest position of a single company in my portfolio. And my losses last Thursday were not that huge in a longterm view. You cannot "cry in your beer" everyday (hallo, Bob!) - a friend of mine from Trkei used to say: "you win here not much, you lose there a bit" (I cannot express this exactly but I hope you know what I mean.)
Re. MSFT. For me, MSFT and DELL are most loved by the market at these days. That is not a question of reason or cool calculation, that is poor emotion - but they all were right I missed to rebuy DELL during the last 10 days EVERYDAY, and - as we can see - it was WRONG everyday not to buy. Some here use to citate my rule "never buy before 2 pm". Here is my second rule, everybody is invited to discuss about this: "don't sell MSFT nor DELL before having added a new long position". Even if I'm writing with a <g>, it is beer-seriously mentioned.
So, when I see a certain weakness of MSFT and can buy longterm calls (relativly) cheap, I don't hesitate - no matter what Wallstreet's recent comments and numbers are saying.
OK, you can argue, that Dell's future is more clear than Microsofts is - I agree. But this is not new - and was mostly wrong. In a certain manner I trust in Gates team, not in known product-lines.
Risk? I learned from Intel - while Intel was sliding during several month - that we have a lot of time to react when it's happening. Sure, you get burned (nice chicken-jokes last week...), but it's not my way to claim when I loose 25% after 3 years of about 100%-gains.
A well known German journalist use to say: "Der einzige Mist, auf dem nichts w„chst, ist der Pessimist".
Our game is not saving our money for 3.5% interest, what do you mean?
Happy trading!
Jury |
