Tech, to me, is still a poker hand. Although some of the individual prices are approaching attractive levels, the Naz as a whole at 2600 or so doesn't appear quite cheap enough. I have a "Christmas Tech List" that I look at quite often, and most of the stocks are approaching the levels I want to see (yesterday's levels, anyway). Also, the last two "untouchables," Cisco and Sun, have begun to take their trips to the woodshed. I like Sun at or under 25 and Cisco at or under 37. But even there, unless there's a big, overall tech blowoff, I'm not sure we're at the sweetspot.
That's not to say you can't buy hereabouts and get a good price, or on another big, pre 2001 dip, and get a great price. But, maybe, like Christmas presents at Circuit City, no matter how good the prices look now, you won't believe what they're blowing them out the door for in February. Cisco at 29? Sun at 18? You may call me greedy (but not to my face, please) but what I'm looking for are: unbelievable prices. That's the way, uh-huh, uh-huh, I like it, uh-huh, uh-huh!!
These aren't predictions, just questions, and vague desires. I don't see any reason to buy anything other than traders at this point, but that's just mis dos centavos, compadres y amigas.
Kb |
