Hey Tony, I can see you're real worried. Sorry, I'm really not qualified to give investment advice... but you're right, all the big boys have had plenty of time to act, so you can expect a huge ass drop in CPQ & other boxmakers at opening bell as all the big investors bail out. The little investors will take slightly longer to bail (or buy in if they think of "bargain-hunting).
but I don't really follow CPQ or the box-makers so I don't know how much they'll drop and what the future holds. In my honest opinion from my limited knowledge, I don't want my $ to be anywhere near these guys for the next quarter or 2. For some reason, these stocks also tend to tank every summer.
I'm not sure how much this will bleed over into the rest of the tech (including net) sectors. But the NASDAQ will be down sharply and other indices are due to drop in sympathy. It's ok to take profits in some of your Net stocks. In fact, it may be a good idea because of the long run up CMGI and AOL have had. Unless you're thinking really long term. If you are thinking at least 3 quarters ahead and don't need the money right now, I certainly wouldn't bail out of them entirely and would just trim some of your holdings.
I'm not cutting back on anything. I say this because I always buy at market peaks and sell at lows when I try to market-time. Also, I'm unable to make predictions on the market as a whole, I just know my little universe of Net stocks well, not the market as a whole. Anyway, I wouldn't panic about Net stocks (although PC makers have long seen danger signs) but it may be a good idea to lock in some profits now to be safe, if you're worried. net stocks are due for a short-term correction and now might be it, but the sector will outperform the market in the long-term until Net traffic/ecommerce slows down, which isn't on the horizon yet.
sorry i wasn't much help, i didn't get much sleep last night. good luck!
-Netconductor.com
> Tony wrote:
I hear you talking, and I follow your reasoning, BUT! I'm scared to death of what is
going to happen Monday. I have been two years getting out of a hole I dug for myself
investing in stocks that tanked and now CPQ does this crap. I was just beginning to see
daylight. I was looking to sell my largest holding AOL, Monday, but what price will I
get now? CMGI, my next largest holding, has had a great run I was also looking to take
profits on it Monday. But now I'm trapped! You know how the big boys do it. The
stocks will be so far down BEFORE the openning on Monday it will be too late to sell.
Got any ideas on what I should do? Just ride it out and go for the long term or what?
Please don't tell me to buy funds and let professionals worry about it. Of course that
may not be bad advice but I'm way too hard headed to do that! Tony |
