All tech stocks have bad outlook and market is ignoring it. Check out the latest one today. ADI announced today that next Q revenue will be 10% lower and it was just about 52 weeks high yesterday. It has dropped $2 after the earning and I believe it will hit $40 in a month and it is still overpriced.
Did you lose? How much? Any stocks with negative earnings? Is your next post going to be about Brcm or mcd or you called it quit on those two?
Try to stick to the closest seat. The music is going to end soon. Find a mutual fund that has gained 10% over the last decade( You will not find one). 40% gain in a year will end very bad. Market is in all time high and MCD is 10% below its 52 weeks high. I don't change my belief based on short term market exuberance.
Check out ADI's schedule A and read the outlook and then you can decide. Revenue down from last year. Down from last Q and it will be down 10% next Q !! http://finance.yahoo.com/news/analog-devices-reports-fourth-quarter-210100416.html
It seems that "it can't" but believe me it will and it will soon. Being biased that "it can't" will be the cause of many investors losing money in the next crash. They will all be looking for a survivor which will never come.
Also, Russell 2000 is way way overvalued. I am short IWM. It is a matter of time before gravity kicks in. http://online.wsj.com/mdc/public/page/2_3021-peyield.html