>I0 still own APM, 500 shares, and think the stock eventually will turn around.<
Well, the market is like a helicopters blades, it is raising but turning at the same time :-). I mean the money is just turning around the sectors. It overdoes one sector and then moves on the next. And there really seems no alternative when there is no real rival for the equities and there is just too much money to be invested. Believe it or not but this thing may go like this until those baby boomers are ready to retire and pull their money out. 5-10 years at the least IMO. Unless of course there is a war, a big natural disaster, epidemic or alike, or or asteroid :-)
Anyway, what I wanted to say was it looks like money may revisit the overly punished disk drive sector. As a matter of fact there are signs that it is revisiting. QNTM which I hold :-(, is just about to break a resistance level (it was just short today). APM is closing in to one. SEG is also. Others I have to look but I think we will see a rebound.
Other sectors which may bounce are energy (and energy, and energy), semiconductor manufacturers. Internet stocks are still hot. Selective retail stocks look good, some overdone. Transportation I think is overextended and DELL, shoot I will shut up!!!, It just keeps going and going and I have never invested in it :-((
Any similar or contrarian thoughts? |
