FSPTX, the 401k fund chosen by Surfer for my 401k plan, is similar. It went from ~$197 EOD Tuesday to ~$178 EOD Friday. I didn't see this drop in time to get out.
I will likely bail out of MU on Monday, but wait and see and hold FSPTX for a while longer. Watching/hoping for an end of year upturn before I make a move. If It drops further, I will get out.
FYI, my use of $USHL5 chart failed to see this move coming. Its is still rising from its low dip the week before Thanksgiving.
I spent time this past weekend trying to understand how to better diversify. Surfer is all about selecting one fund/stock from a group of twelve. I am now thinking I need to be holding more than one at any given time. Choosing which sectors, and selecting top in 3-5 of these sectors is my new focus.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.