Between Friday and yesterday I was down 5%.
I was thinking: This was it. We are going down 29%, and I’d lose my all the huge gains of the past few weeks.
I started reading on hedge funds (remember them?). You sell short stocks that are going down. And pair those gains against losses in your happy portfolio — the stocks you want to keep.
But I’m lousy at picking stocks that are going down.
For now, I’ll stick with my old “strategy:” If a stock I own drops 15%, I eye it very carefully. Is there something fundamentally wrong with the company or is it just temporary? Take Regeneron. A important drug failed tests. Does that mean the company’s kaput? (No) Hence. hang on.
I don’t think this is brilliant. I need to do more thinking.
Several friends have suggested “harvesting” some profits and some losses — and edging back to a more “normal” strategy of “hold.”
I think a lot depends on how the market reacts to Nvidia’s earnings tomorrow (Wednesday) night — since that will be a good window on AI stocks that have done so well recently – like the semiconductor and memory makers. A bunch of analyst have recently come out with very positive recommendations on Nvidia.
We’ll see. I’m hanging in.
The ReBirth of Intel (Finally)
I’ve had a long history with Intel — most of it awful.
Until they made Lip-Bu Tan CEO in March.
Then Intel exploded, viz.
Then I heard his two-part interview with Cramer on Mad Money last night. That was Monday May 18.
I was blown away. Literally blown away.
I ‘ve heard a lot of CEOs. But this one is good. Really good.
He ranks with Jensen as one of the handful of living great tech CEOs.
Will Intel go higher? You betcha?
Will it be the CPU maker of the AI biz?
You betcha.
Do we need oodles of CPUs in AI. Yes. big time.
(Remember, Nvidia makes CPUs.)
Watching Lip-Bu Tan
I watch TV on YouTubeTV. It has three advantages:
+ I can watch it on TVs, laptops, and iPhones and most everywhere. Including when I travel.
+ I can watch old shows. Like re-watch the Lip-Bu Tan interview.
+ I can rewind, fast forward (over the commercials) and pause it to have dinner or to take notes. An hour show for me is 20 minutes, by fast forwarding.
I prefer to watch tennis on my laptop in bed. I can see the ball on my 13 inch laptop screen better than I can see on my distant 55 inch on the wall.
Don’t do stupid
Hold the railing. Step down gingerly.
Don’t fall. If you do, you’ll break your hip, be in hospital and then, six months, later, it’s all over.
You’ve heard this before. But friends keep falling and fracturing their hip.
I heard another one yesterday.
Go gingerly on stairs or on uneven surfaces.
The Hantavirus is serious and spreading
+ Our government is less able to deal with it, having denuded our CDC and other fighting abilities.
+ The incubation period can as long as two months, Which means someone not showing symptoms in that time can still transmit the virus.
+ We used to think it came only from rat droppings, but it is transferable by respiratory between humans,
+ We don’t have any vaccine or drugs to fight it.
+ There are now cases all over the U.S. , in at least 16 states.
I knew people who died of covid. I don’t want to know anyone who died of hantavirus. Please be careful.
I’ll be back tomorrow.
Meantime please watch the Intel interview.
— Harry Newton
