Tom,
Healthcare and Tech . . . hard to argue with those areas of focus.
Maybe. But things might work out more quickly than you expect. The market has shown it can melt up just as quickly as it can melt down . . . you sit for a month, two, three or so with dead money and then, voila, the stock has blown through you 3- to 5-year targets in 3- to 5-weeks, I’ve seen that plenty of time, and if anything, the tendency has increased as the trading blocks get biggert and bigger and the algorithms get faster and faster.
Yep, harder than ever. Kinda reminds me of a story my late mother told me about how she was driving someplace many years ago and her mother, who had nver driven a car in her life, was sitting in the front passenger seat. My mother had to drive through a very very narrow crooked pathway through a big construction site. After they came out of it, my grandmother, still getting over her fright, asked “How do manage to drive through something like that?” Mt mother’s answer: “Easy. I just close my eyes.”
That’s how you have to approach major crashes. Getting analytical about entry and exit points is all well and good, but sometimes, you just have to close your eyes . . . like today, when a friend who works in JBLU headquarters asked me, tongue in cheek, to buy JBLU today because she needed to sell and needed to get the price up (as if little old me could do that). Just for shits and giggles, I checked the stock: Yowza, what a pummeling (we all know what the next couple of Qtrs are going to look like, probably something that will cause gastroenterologists appreciate the aesthetic qualities of what they see when they gaze into colonoscopy scopes. But I don’t see that airline going away. Checked LUV and DAL too. Decided to close my eyes and nibble. (Actually, I closed my eyes re: entry points. I did, of course, make a quick dash to the p123 panels to check balance sheets, interest coverage, cash, capital needs and general survivability, including, potentially, government help. Not into screens, sims, ranking systems now – I’m all about the panels and especially the balance sheets and cash flow statements. Income statements and estimates? Z-z-z-z-z My estimates across the board compute to “suck like they’ve never sucked before and then some.” ) Badly crashed stocks with survivability! That’s my thing now.