I think my approach is more conservative than the approach used by most around here.
NOW I understand where you have been! First off, you are out of Tech with 30% of your investments, which I won't do anymore. I decided two years ago that it was tough enough to learn one sector, without learning the industrial, insurance, restaurant, and medical business, which you are in. I finally rejected this "Diversified Approach" BS that the "experts" push.
CSCO and QCOM need no comment.
EMC is one of our "Gorilla" candidates that took a dive this month. What's up with it? By the way, is INTC going to be competing with EMC in their new business venture?
Citrix, Gemstar, and Siebel are three I know, and have stayed out of because they are "Small Cap". They are all off January highs, and are fascinating companies. They should be considered for our G&K list, IMO.
You missed my "big mover" AOL last year, but you have some bucks set aside for a pullback. I got out to buy QCOM, and doubt if I will get back in.
I got out of SAP last summer right after is listed at about 60, thank God! I really had jumped in big, but when I saw no movement, and, when I realized it had a 380 PE. I ran. I have decided to pass on it, based on my feeling that I do not want to be in any European controlled companies. Same goes for the rest of the world. It is tough enough to make a buck on stocks of companies based in this country, without taking on all the problems of the ones based in the various "Peoples States" around the world.
As a matter of fact, my major worry with Qualcomm is the enormous % of their business that is overseas.
But, enough of my carping! You really have a "leading edge" portfolio, as I expected. Not conservative at all
LindyBill
|
