Thursday, October 12, 2006
Sector Spotlight: Networkers
In my opinion, the place to be , if you like tech, is the Networkers. Due to red hot demand for video (YouTube) and music online, companies that provide bandwidth services to popular websites are enjoying terrific stock runs. Unfortunately, every once in awhile, you get fucked like I did-- selling VSTH, on the news of losing their biggest customer, and then it gets fucking bought out for a 27% premium 2 days later. Again, I say to the rumor millers at thestreet.com (Stocks under $10 Guys): Fuck You and fuck you.
Within the Networkers, my favorites are: EQIX, GLBC, AKAM, FNSR and SVVS.
Regarding FDRY (recent position of mine): I changed my mind and sold out the position, due to valuation concerns.
Finally, I do believe the market can go higher. However, I am bearish on the Semiconductor sector. Therefore, I have started to bulk up on my ATHR short. Although, they may have a good qt., any company that has UTSI as a 10%+ customer is worth betting against.
The following Networker stocks have mojo:
As for CY: I do not follow it closely.
I can't give an opinion.
Oil looks good here.
But, if it wasn't for them rumor milling, I wouldn't have cut my losses at the time I did.
Undoubtedly, I would have held the position-- if it weren't for that 2 point decline.
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