Don't become a Gold Bug over it, but...diamonds, saphires, rubies, maybe.....Sure they look better on you than us.
Seriously though, the bottom is here and near. Did you see Iomega Five times earnings (19 cents versus 4 cent estimate) that means it ought to go to $20...imho. Same for the other good old techs, look at Intel or SunW or AMD or the rest, just fantastic earnings....but the worry worts hype that oh no...they might get more orders than they can fill....wish I had that problem.....just throw money at me....the internets without earnings, I would probably wait and see befoer I put my money somewhere like that. But CSCO, CA, INTC, even AAPL AND MSFT and the Linux plays like ANDN, LNUX, RHAT are all pretty darn cheap now. Real brand names, real products, real earnings, real growth, thats where to put the REAL money. (For those who have any left). IMHO this panic was all psychologically induced, it did not have to happen at all, but once it did, and the margin calls came in, it went from a virtual panic to a real panic and correction into Bear Territory....now is the time to go hunting in the Yukon for that Gold.
I am,
Truly your$,
-Crystal Ball |
