Neil,
Now a day, after I saw Yahoo went over 200 (should be 400 if w/o
a split), I don't believe in any fundamental data anymore. If the
fund managers think the stock has future, the stock will run up
(not just go up) no matter how high it is. If the fund is doing
some small dumping and rotation then a good company like CSCO
can go down 50% in a few days (it just happened a few weeks ago).
For me, I am now only believing in the HOPE, since it is much more
valuable than anything else. Actually, it may be easier for us to
trade stock in this way. Just need to follow the crowd, and don't
ever try to ask for the reason. To spend the efforts to study the
company report is totally wasting of your time.
As for XLNX, in my opinion, the top has not yet been confirmed
with today's movement. It still has more room to go up until you see
some significant dumping (by fund managers. of course). To me, it is
too early to guess where is the peak of XLNX in this unbelievable
bull run.
PL |
