Well today may be the day for you, Catty - nice big up day for AMBA.
Although I am overall happy with my portfolio performance, I have to say I am not good with the short term timing. My sale of AMBA yesterday missed out big on today's gain.
I already hold QLD, so have enough tech exposure now so won't I won't redeploy there.
Instead, I took about half and bought MORL. Many may disagree, but I now think we continue to see disinflationary and deflationary pressures that will moderate interest rate changes. In that enviroment, the mortgage REIT companies will do well and spin off lots of dividends (~25%/yr for MORL 2x leverage). This has ETN risk (UBS backs it) and disaster risk (if any month sees a >60% drop in value the fund is closed out immediately with losses) and interest rate risk and leveraging risk (leverage of leveraged companies). I see these risks as acceptable at this time.
I don't have luck with timing (as evidenced today)so I don't try to time the VIX. But I have a big holding of VQT (conditionally invests in S&P, Vix and/or Cash depending on price movements) that I use as a buffer in my portfolio (lots of 2x leveraged etfs) and will go up in case of extended downturn or disaster in the market (see mid 2012 jump in price chart as the rest of the market tanked). I use this in place of bond funds which yield pittance for ST and will likely bleed capital LT.
I will be monitoring AMBA so I will continue to look for your posts.
Cheers! And Good Luck!
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