Evening Rules and Rant

Here is rule number one; don't game events. Watching TV is retarding. These people have no idea whether the market has factored Mylie Cyrus into DIS estimates or not. I say adamantly - WHO CARES!. One the music is just awful and 2 you shouldn't be buying stocks hoping some small element of a business is not factored into earnings. What is $30 mil in ticket revs for Hannah Montana and the gang worth to a $60 billion company? I don't know; neither does anyone else. Buy stocks for long term catalysts that the market isn't considering. Since my contemporaries seem to be gaming non-events as discussed, this isn't tough. If you buy a company for longer term broader themes, a short term misstep, like taking your kids to see Hannah Montana(I sent the wife) won't matter. Second mistake I will highlight tonight is the commodity semi component supplier. SIRF is down after hours, big! Don't buy these companies, ever, as a rule. These are never long term stories. Please find me one - ZRAN, GNSS, SGTL, TRID, CRUS, PLAY(I am leaving out hundreds) and now SIRF. If you find a semiconductor company that sells into one consumer niche - DON'T BUY!!!!!. If you are trading it and have insight into the demand cycle and specific design wins, go for it. If not, there are always going to be a bunch of new sheep to be herded off to slaughter with every new consumer gadget, extrapolating infinite growth. EX. If every person on earth buys a flat panel tv multiplied by Y billion people, blah and blah and blah. NO! The end market prices of the products(flat panel, cell phones, DVD, MP3, GPS, etc. etc.) comes down so fast these component plays always end up in the garbage. Please, I challenge you to find otherwise. Couldn't help myself from ranting bout this, its a mistake made over and over again, one I have made myself, but never again. Today my portfolio held up very well. After a disastrous year last year and beginning to this one, we are heating up. I believe we have exposure to all the technology areas with the most potential at what I consider cheap prices because everyone is still infatuated with GOOG and INTC and RIMM. When we go higher its lead by a bunch of new tech and tomorrow I give it all away. Every hot new area and every company I own for exposure. Just know I change my mind a lot :) Rock and roll.