The headlines about housing and credit crunches are a head fake and noise if you own the right living room stocks…like Sigma Designs .
Exactly one year ago, I brought it to your attention at $18 as it hit an all-time high after 10 years of going nowhere. Kaboom. Too bad I sold it in the 30’s. “The Lazy Sell”
Today it’s trading at $68.
I am afraid of components and chips and sold out of this Wallstrip beauty way to early.
But isn’t Fannie Mae and Citibank going to drag….yada yada….
Disclosure – No Positions