MB, I agree with alot of your points and I will sell when and if they come to pass. Remember last year I heard alot of bad things about the PC industry also. 12% growth predictions, channel overstuffed, Y2K spending freeze, etc.....
But, DELL made 250% profit last year. If I'm not mistaking, that kicked the crap out of every MM mutual fund out there. I am a high risk investor by the MM's standard not by my own. To me owning overvalued stocks like DELL,CSCO,MSFT is not risky. I only own overvalued stocks. I also played the nets and lived to sell. That was some of the quickest, easiest money I ever made.
If you know of a way that I can make DELL like returns on my money, without owning overvalued stocks, I am all ears. But, the kind of returns I am talking about is at least 100% return on my money each year, which has been easy to get by owning these types of stocks, in this kind of market. |
