Don't hate being a bull. That's a negative attitude.
Be optimistic about the economy and join in helping it not bashing it. The 60-99% dive in techs ought to have satisfied your bearish needs. And think of all the retirees who have to live on their LU stock, for instance, or middle-aged families who have to pay for their kids college tuition with their mutual funds. Also consider that the bears have simply overdone it. You remember the LU bankruptcy lie. That should have been a sign that the goose was over-cooked. Lu has 2-3 years of cash in hand. Some debts, sure, but they'll more than survive.
What do I like right now? Any techs which haven't already zoomed back first. The second and third tier. Just make sure they have at least two years cash in the bank so they're not forced to throw the baby out with the bath-water.
Bargain laggarts which can fly again are AAPL, WCOM, FON, LU, ERICY, LOR, SCNT, UIS, NOVL, PALM and COMS. All either lots of cash or just plain oversold. Yes some of these are dogs with fleas but that's all more than priced in. In a rally they can really bounce hard off the bottom. NOVL for instance jumped 7% in five minutes at the end of the day bouncing off it's bottom below 4. They have 3 bucks worth of cash and hard assets. So you're getting the company for a buck.
Then there'e VZ and SBC which are going to dominate the superhighway going forward. Everyone will have to pay the toll. Tremendous power across the board with these stocks. |
