Mark,
Look, you all have done a fine job in projecting ASPs, inventory levels, potential new demand drivers, yields, ad nauseum.
All of these things are vital data in making a fundamental call on the health and potential of a sector or individual company.
Somewhere, though, you have to ask: What price am I willing to pay for a future earnings stream? Personally, I am not willing to pay much for projected earnings in two years unless I am seeing fundamental strength in the sector or company.
The only widely agreed upon opinion throughout this whole discussion is that the sector fundamentals blow big time.
Now short term option plays and momentum plays are an entirely different thing. These depend more on market psychology than sector or company fundamentals.
By the way, I have always presented exactly what I am buying to this and other groups and I have never presented myself as anything other than an average struggling private investor.
Why didn't I buy last week? Hell, I was selling into strength last week and I said so.
The links, if you care to look.
Message 3665348
Message 4217664
Now that this is over with, you really do have the best thread with the best, most careful, most truthful participants on SI.
irthrifty |
