What might be a good idea to do is to all start sharing our lists of stocks that are worth watching on the LONG side. Or even the short side, if you like.
I am feeling good about the following stocks with extra weight for those with low PE's and positive, or relatively positive, forward guidance recently. Of course, that guidance needs to be very recent otherwise it is suspect (i.e. look what happened to ORCL's business in Feb. or ELNT's).
Stocks like ATML, TQNT, FLEX, SANM (especially this one because mgmt just spoke today), AMAT, RBAK, BEAS (because they were positive recently; only problem is their PE is too high, but in the 20's....yes); NTAP (they were relatively positive), GLW, EMC, ARBA (could be great or so-so), CMRC at the right price, CIEN (they were very positive in their CC) and some others, perhaps like PKTR.
I really am looking for low PE or at least reasonable PEG stocks. Ones without earnings are rarely of interest to me, no matter how fast they are expected to grow.
We should also cover non-tech stocks, just to be prepared. Anybody that has compelling tech or non-tech picks or picks that would be superb if only the stock prices would drop a little more, why not share them? There are lots of great companies whose stocks at some point will be extra-compelling.
Taking a few hours off,
Dave
PS-- Boy, I sure like that new ERICY Bluetooth phone I heard about on CNBC today. Looks like the new wave. |
