Marc & Gang- We have endured a thumping to say it mildly. It seems like we went through this not long ago...October??? At that time, I saw several of my stocks go below my cost basis. I remember second guessing myself and wondering why I didn't sell. Instead of brooding about it, I cleaned out my portfolio. I dumped stocks that had been underperformers (LOW, RAL, DE, DH, WDC, ALD) and took advantage of the high tech movers; quality stocks like DELL, INTC, CSCO, EMC, and others that were a bargain at the time. It was like I was spring house cleaning in the fall. Eventually all stocks moved to the positive, but it was my new acquisitions that went higher.
I don't know what has caused this panic selling. True, many Internet stocks (and one can make that argument with ATHM) had gotten way ahead of themselves and were overvalued. We were due for a correction. Maybe now is the time to dump some of those disappointing stocks and convert to those that have been leaders and will continue to be when the Nasdaq gets back on its feet.
It's uplifting to see so many ATHM threadsters positive after this tech/Internet sell off. I really appreciate the support when it's easy to get down-in-the-dumps. I'll return the favor and say, "Hang in there and don't lose sight of what ATHM can and will be in months and years to come. Don't lose sight of the big picture. This is not a stock to erase from one's portfolio."
I know of one sure way to turn this tech sector around, and that is for me to sell. If I did that, the Nasdaq would set a record gain for sure.:0)
Keep the faith!
Ed |
