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Train wreck on 11 October 2012
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Ail said:
Train wreck said:
Ail said:
Well I sold all my Sprint today following the huge 16% bump.
I really wanted to keep them till February to pay long taxes on my gains but the opportunity was too good...

In the end the stock raised by 146% between the time I purchased it and sold it so that was darn good...

Awesome! Even though the softbank rumors are kinda flaky in my eyes, the stock has seen an impressive run.


Too many regulations issues can block a merger in Telecom so it was a good time to sell...

That and I have been trying to reduce my stock exposure in prevision of congress dead lock over the fiscal cliff..

 

Now I have 3-4 months to find the next couple stock I want to invest in.

I'm still in Apple, Bank of America, Google, GE, NVDIA, Microsoft and TakeTwo but I'm going to need a couple more by January...

It can't be a technology stock I think as I am already over invested in that sector...

Price action in Intel, Dell, HP and AMD and even Apple tells me that the future in tech looks suspect, especially with the fiscal cliff and slowing world economies.

US government account for a huge chunk of Dells and HP revenue and the casacde effects go from there (with intel chips and AMD cards), I see microsoft moving down also (lack of upgrades from local, state and federal govts for win 8 and office and server), esepcially if their new products (surface and Win 8) dont take off.

Nvidia looks meh, don't know about the adoption of tegra 3 and the pc slowing noted above will hurt their mainline gpu sales (dont see how AMD is punished and Nvidia isnt, their prospects are too much aligned)

Videogames, I dont know, Nitendo had a 5 dollar move up, it may be ready to take off but I still think there are challenges to the Wii U, take two is a good bet, more like a buy the rumor, sell the news stock (when GTA 5 is finally released)