I’ve been losing money these past weeks… but I’m buying more the more they fall. I think financials for instance, are greatly undervalued at this point. I’m not a trader and I’m horrible at timing the market, but I seem to be good at picking undervalued companies that move on my direction after a few months. USB, WFC, STI, BAC, C… they are all cheap. Even if basel 3 is applied to them, they are oversold.
Tech sector seems to be in a similar situation, NVDA, APPL, GOOG, ARMH, AKAM, INTC, MSFT… it’s just wonderful time to pick them up. Apple might surprise to the down side which would push all of them down but the truth is that mobile devices are selling like ice cream on summer and people don’t realize that not only Apple manufactures those devices. If and when iphone5 is announced, wait for an Apple bounce. Also any mobile device selling means ARMH should get income. Any new tegra2 or tegra3 chip selling means NVDA. Increase on mobile is always good for GOOG, and any news on Intel and its new mobile chip will push its stock up. Akamai should move higher, last time I’ve checked we are not reducing our internet usage. And Microsoft is the king of undervalued, even with no growth, they just need to release anything that produces a bit of income to move that stock up. Windows for ARM chips could be a catalyst.
And then don´t get me started on BRK. It has never been this undervalued as long as I can remember.
So sleep tight and buy cheap while you can. Just don’t put money you are going to need in the short term into this. I leave the market timing to brighter minds.