Thursday, August 10, 2006
Sector Spotlight: TECH
Perhaps the option boogeymen are ramping tech stocks up. Or, maybe its the "hedge funds" manipulating their way to fame and fortune. Nonetheless, tech stocks are running in a big way today and may cause some short covering.
Although I am somewhat bearish on tech, its worth citing some notable movers:
UTSI +13.7%
NCTY +12.2%
NUAN +11.2%
ADCT +9.6%
FNSR +9.4%
DISH +6.5%
RIMM +5.8%
IVAC +5.6%
CRM +4.9%
XMSR +3.5%
MSTR +3.4%
AUO +3.2%
Personally, I think buying tech in August in nucking futs. However, some of you out there are exactly that-- so enjoy!
Although I am somewhat bearish on tech, its worth citing some notable movers:
UTSI +13.7%
NCTY +12.2%
NUAN +11.2%
ADCT +9.6%
FNSR +9.4%
DISH +6.5%
RIMM +5.8%
IVAC +5.6%
CRM +4.9%
XMSR +3.5%
MSTR +3.4%
AUO +3.2%
Personally, I think buying tech in August in nucking futs. However, some of you out there are exactly that-- so enjoy!
