Earlier today I picked up a few shares of TCMS in the patch. Looks to be pretty cheap given the current crude price. Only a 10% position of my normal investment. As for sectors, I am still a very strong believer in the specialty communications semiconductors. I find it hard to be a buyer at this level because my model portfolio in this sector is up 200% since August/September 98. To me, that seems like an astronomically high return in about a half a year. I have to keep reminding myself that these stocks were beaten up badly at that time (ex: VTSS was down from 37 to 18). Still, 200% is awesome and brings out the bear in me whenever I look at a figure like that. Like I posted yesterday, I moved all my trading positions to cash and in retrospect, I moved one day too early.
Lately, I have been looking at the gold market again trying to see some clues for the long term direction. I don't like what I see even with the latest rebound from the 270s, but I think there are probably some great bargains in the sector.
Major Long term holdings bought over the last few years:
VTSS, SUNW, APCC, and my longshot CCUR (purchased mostly at 2 3/8s, sold half of my entire position a few months ago at 5).
Major Long term holdings purchased within the last year:
ANIC, APCC, CAM, WFT, FLC, UTI, PFE, TVX
All with nice % gains except for TVX and my recent PFE purchase which is no big deal, at least not yet. I have a number of other stocks but the positions are relatively small in comparison.
I have been pretty successful trading lately, mostly position trades. It just seemed like a good time to take a break from it all and regain my long term perspective. Watching the market from a trader's perspective clouds my long term horizons. While most, if not all, of the international markets are showing nice bull moves, I keep getting the nagging feeling that there's going to be trouble soon.
Cash feels REAL SAFE at this time......
LT, what are you buying or shorting? |
