I have seen this article before. These serve to cool our collective thoughts and allow reflection. I am invested in Amgen because it is one of the few biotech tech companies making genuine profit (as opposed to research grants). I am invested in Monsanto because it has an effective distribution system for a bulging r&d pipeline of goodies. While I do not own any Yhoo directly, I am invested in 9984, ATHM, AOL, CMCSK, T, INTC, MSFT, RTRSY, SNE and am following EBay because these are going to be the ones left standing after the carnage.
The fact that a goodly portion of Yahoo's revenue is based on interest income does not bother me in particular, as would Forbes want us to invest in an Internet Portal with no interest income. A good portion of Yhoo's advertising revenue is from related 9984 invested companies, and my comment is "thank god for friendly siblings helping out".
For the volatile internet flier stocks, a core holding and a trading position, topped off by covered calls and opportunitistically sniped by selling naked puts.
Keep alert and disciplined, and remember to diversify across industry, geography and time. |
