FWIW, rebalancing portfolios. Taking down long term holdings (but still positioned in): JP Morgan, Mellon, Sun Micro, Hadco, JC Penney, OEA (out), Ryland, Consolidated Stores. Also reducing position in IDTC - all these stocks were discussed here.
Selling some TOY. Discussed here several times. Losing my confidence, so scaling down amount I own. Reallocating some to new position in THQI. The guru on the SI THQI thread is excellent IMO (but what do I know?--). I've concluded I'd rather have a small company that markets and executes computer games well (that's THQI imo) at a reasonable price (again, imo) than have an 'relatively' outsize position in Toys-R-Us --- which is reducing it's cap. expenditures (their buildings), but who is squeezed ever tighter by WalMart, e-toy, and even the little 'educational' toy stores. Still holding all my Midway. I consider both Midway and THQ as similar to entertainment stocks -- their price will rise if they can deliver a blockbuster product-- predicting which, when, who is fruitless---- best is to be in the stock and await serendipity. JMO, no facts behind it.
Note: funds from my sales are mostly being reinvested today into a stock (not yet mentioned here) for which I'm creating a full+ position. The sales are not my panic vote that I want to be in cash. --- although it surely seems to me I am being panicked out of my positions today -g-. FWIW, Paul |
