Addi.
I sold all my stocks today, your timing about the tech sell-off
from March to May maybe off a bit, but I believe your overall
analysis is right. Wall Street continues to ignore earning warnings
from INTC, TXN, CPQ, MU... DOW and NASDAQ continue to establish
new highs. The PE multiplies are all time high at 22-23. We pretty
much over-look the problems in SE Asia and Japan. I wonder if
we are on the verge of a break down, when April rows along and the
corporate earnings are not favorable. Even at 41, I don't feel like
getting into SUNW yet. It's got nothing to do with SUNW's
fundamental. Just the current trend for the whole tech sector is
not too favorable in my opinion. Patience, guys, have patience!!!
Besides, the Broncos won the superbowl, not a good indication for
stock market this year. But I like the underdog stuff, and the GB
team was too arrogant for my taste. By the way, do you think that
fat guy from Utah have a chance tonight? |
