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Biotech / Medical : ADVENTRX Pharmaceuticals Inc (Anx) -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (144)	5/31/2007 11:54:46 AM
From: Keith Feral	Read Replies (1) \| Respond to of 418

There were lots of bubbles in the dot com buzz. I can't really comment there cause I didn't own too many tech stocks other than Qualcomm. I managed to sell that one pretty close to the top for a 40 bagger. By the time it peaked, there was absolutely no value left in the long term growth of the shares. It was pretty easy to find better values in other parts of the market. I even looked at the alternatives to common stocks, by investing a large portion into fixed income. The way I looked at it, 6% corporate bonds were better than the high valuations of many common stocks. I thought it would be a good idea to shift my asset allocation away from equities to corporate bonds. Today, I am still underwhelmed with the opportunities in tech. I have 0% allocated to technology, relative to a 15% weighting in the S & P. As for my core positions like C, XOM, FNM, and other blue chip stocks, I remain invested in the same companies today. I am shocked they have gone nowhere in 7 years. I certainly don't plan on selling them as they move to new highs this year either. As I look at the stocks in my portfolio, I have been holding most of them for years waiting for them to reach their 12 month price targets set back 3 or 4 years ago. I will always be in the market looking for the best opportunity. Believe me though, the market timers can disrupt their own returns by selling too soon. It's interesting to see what is happening to the valuation of reit's. Dividend yield models aren't working as much these days because the stock prices have moved up. Now, people are looking at the intrinsic value of the properties like apartment complexes.