Mike,
Ya , I would agree the tech landscape is littered with poor YTD returns, BUT, many of these companies had big run-ups prior to the "much needed correction". I just don't see a repeat of the recent carnage, mainly because everybody is neg on the sector. The success stories will be on a case by case basis. This could be to our benefit as players will gravitate to those companies that are expected to do well. I'm sure Xico is beginning to pop up on computer screens along the Street . Can't hurt to be on a big brokerages' small cap recomend list. Also with the stock above $10 it allows some funds to begin to buy it. I see a kind of steady climb to the $17-18 range . We got a niche stock here . If folks will just begin to see it as such , regardless of what happens to AMAT or LLTC , the DRAMs or SRAMs , we should do well .
Jeez, I needed that "correction " to get me back on track . Now I can sit here all day and pontifcate while eating white bread dipped in dog chow , and know that I'm not getting rich too quickly or easily . God , it feels good to have my humility back . I just hope we don't run out of these "corrections" too soon.
Take care,
John |
