Great post, people should keep in mind that there are MANY undervalued tech companies out there.
However, these companies are more in the "old tech" area...IBM for instance, Western Digital, and all the disk-drive makers, semiconductors, etc. Also some great biotech companies like IMCL, which will serve as great longs if bought on dips.
Internet, wireless, and big cap techs like CSCO, SUNW, or ORCL; forget about it...way too expensive, way too played out.
However, in the medium-term there is more money to be made on the short side for position traders. When the market settles in the low 3,000's, my hope is I can get into WDC, AMAT, at current levels and still hold my profits from bloated pigs.
3 month low on Nasdaq - 2,900 - IMO. |
