Monday, November 20, 2006
Sector Spotlight: Tech
Presto, the market is green and kicking the sellers in the nuts, again.
Let me clarify: The market will NEVER trade down for more than 2 hours again, NEVER! As long as we are chockful of high multiple Tech stock, there will always be "smart money" available to carpet bomb the sellers.
I swear to you, I have turned off the thinking mechanism inside my brain and have decided to just go long-- until it doesn't work anymore. I feel that is the only way I could participate in this bull market, without worrying about driving off a fucking cliff.
As for Tech:
Once again, they look great. Not to sound like a broken record, but SNDK looks bound for low 50's. Also, I like what I am seeing in NVLS, RIMM, LCRD, KNOT, REDF, SIFY, NTES, LQDT, NTGR, MRVL and MSFT.
NOTE: I knew something was up with the Metals on Friday. PD caught a bid. Aside from PD, I think PCU and AL are attractive takeover candidates. Furthermore, I like ERS and CLF for a trade.
Are you buying SMDI? Sorry, I still learning some lanugage here ... rolling some dice means buying or just thinking about it?
Also, you said you will do some HW on SMDI. Did you get a chance to do some with your busy schedule?
It is moving up lately though!
Thanks for your posts and any feed back.
As indicated in my "FlyBuy" post, I bought 5,000 shares, so far.
Am I halucinating or did I just see a guy on CNBC saying though he had just been severely poleaxed holding PD short he was still reasoning why shorting PD was a good thing.
Please tell me he is crazy.
CNBC requires that you fail a mental examination, prior to going on the show.
My guess, that man went to short more PD, after leaving the set.
Thanks for the intelligent yet humorous blog as well.
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