I sold SVGI when I thought the sector had gotten ahead of itself. I could buy back in now, and cover my trading costs. What I see now is more encouraging than I expected, from a Semi sector perspective.
Now, during the LTCM period, I managed to buy CYMI and PLAB for prices I could not believe. Too chicken at that time to add SVGI then, which was also very well priced. No bids then, could have just about my pick of quality stocks. Nirvana you say?
I don't expect that, though I hope to take advantage if it occurs. As it stands, the cold chills following that caused me to close out my positions in CYMI and PLAB too early, taking profits subsequently matched by those left on the table. SVGI remained a core holding till it broke 15, and the market looked manic.
As it stands, I'm tempted to take an initial position here, again. But I keep thinking that after a 2100 point runnup on the DOW, a 1000 point drop isn't out of the question. So I listen, and wait |
