The truth hurts doesn't it?
It sure does, Jack! You're on your way to the slaughterhouse, or should I say glue factory. ROFLMAO!!!!!
WESTPORT, Conn. -- Laszlo Birinyi, president of Birinyi
Associates, the top-rated stock-picker on Wall Street Week With
Louis Rukeyser, has recommended selling technology shares.
Birinyi, who oversees $850 million at his own market-research and
money management firm, said investors who are expecting a
January bounce may be disappointed. Technology shares already
have rallied amid optimism that computer companies will weather
problems related to the Year 2000 date change. "You're seeing the
Y2K rally now, not then," said Birinyi. "I'd quite frankly be a little bit of
a seller of technology' going into the new year, he said. Birinyi said
he's considering trimming Internet shares such as America Online,
CMGI, Yahoo and eBay, as well as top performers Cisco Systems
and Sun Microsystems. Birinyi said he may buy retailers such as
J.C. Penney and Sears Roebuck, and add to his financial holdings,
such as Chase Manhattan, J.P. Morgan, Merrill Lynch and Morgan
Stanley Dean Witter. |
