Bitstorm
 |
$1100 is not that much money really, plus i see that 4 out of 8 are good stocks, can't comment on the others since i don't know the sector but at the price of a few dollars i'd say to keep them too. Usually you'd keep stocks for at least 3 years if you want to increase their profit probability, thats how it almost always goes. Some guys even buy more stocks down a correction or even a crash . It's called cost-averaging... gl
btw good buy opportunity at $19 for YHOO , if it goes there or lower |
robertochahin
|
If you are afraid of loosing $200, you shouldn't have been in the market in the first place.
Today's drop should filter out most of the fear of the market.
It you sell now you are locking in your losses. My advice is hold on tight, And wait for the bounce. It may take a few weeks or months, but you have xhosen good companies.
In any other business lossing 200 or even 1100 is peanuts. HAng on. |
Jason Alexanders
|
I hope the $1,100 isn't the only money that you have; it was unwise to invest without an emergency fund.
My uncle who has lived through the 1967 to 1981 bear market said sit tight as you have a long-term investment horizon; it's just not worth panicking.
You are undiversified as you have three techs (GOOG, MSFT, and CSCO) and four or five speculative plays (FRPT, SIRI, F, ESLR, and AMD). I like GOOG very much especially at $550 per share (which I expect it to be at the opening or down 7%). So I'd keep GOOG as it is one of the best consistent performers in not only tech or advertising but the market itself. I also very much like CSCO. MSFT and its X-Box and Vista fiasco doesn't bold well even for a $300B company. I expect GOOG to reach $1,000 per share in 5 years and $800/share this year, thus I'd hold on to it even if it could drop to $480 per share. Remember that's only an estimate. If GOOG reaches $800/share, it would be the point in which to sell. I did take a hit on retail as I had missed the estimate; it would be equivalent to GOOG being at $260 per share in the hit that I took.
FRPT is a very cheap, but very speculative company. It has a good balance sheet but not such a solid cash-flow statement; the cash-flow statement is very negative as it has an increasing operating cash outflow. If you buy this company, you better have a good reason, such as a potential product innovation, good management, or some other material factor. Investing in this firm makes you a venture capitalist since you are taking a chance on this firm operating 5 years from now. You may want a defense contractor like BA, NOC, LMT, or GD to replace FRPT.
SIRI; it's just my opinion, but the satellite radio business is greek to me. If I wanted a telecom company, I'd choose risky CMCSA or T. Telecoms have risky balance sheets.
In terms of ESLR, I was looking at FSLR and they both look expensive. I do like this sector and it has come in a little. I really don't know what the buy point on this sector is as energy as a whole is difficult to calculate. This year, I'd be a buyer of natural gas, but as with retail last year, I could be wrong.
F is a company that has had some major troubles since I was reading them in 2004; it seems like they may be turning themselves around. I consider them speculative because they are a turnaround play despite the huge size of the firm.
AMD is one that baffles me; it would be nice to have had a chip to be in computers after the Aflon Processor.
So, it's really your decision. Half your portfolio (GOOG) I like, but the other half really needs some fine-tuning. |
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