It took me over 12 years to build up my assets to where it was 2 months ago, and
it has taken only 2 months for my assets to go down by as much as 50%-60%! It is true,
demolision is always easier than construction! From LSI to XLNX, to CPQ to my small
caps, to HWP,... It took only 2 months for" most" of them to come down to the levels they
were 4-5 years ago.
Well, I remember suggesting to you some months ago to lighten up your tech exposure, and your answer was that technology is about the future, innovations will keep on happening etc. etc. Tell you what, sometimes research and development will be happening even as the stock prices are going down! You must have realized that by now :-)
As for myself, I got rid of about 40% of my LSI at an average price of $32 1/2 and diversified the proceeds into MO, MCD, DBD, PEP, and SYK among others. That portfolio is down about 15%, but that is nowhere near the 65% shellacking that LSI has taken! And besides, it is more likely to bounce back than LSI would.
Best wishes,
Dipy. |
