"Oh, the times they MAY be changin'"-apologies to Robert Zimmerman. A flood of ANALyst downgrades and prices rise...we're seeing more and more of this lately. Not necessarily proof that a line in the sand has been drawn on a tech market bottom but a good indication that knee-jerk selling is becoming increasingly exhausted. A possible boon to position traders looking to establish or increase core holdings for an eventual recovery.
At current levels, some excellent risk/reward candidates would include (imo): QQQ, JDSU, CSCO, CS, AOL, DITC, ANAD, FDRY, EXTR, EXDS, GX, STOR, JNPR, JNIC, FNSR, LPTH (ah, the "Holy Trinity" are once again in alignment!), ADIC, A, OPLK, RFMD, NTRO, WFII, AETH, ARBA, CMRC, PPRO, NUAN, SPWX, AMCC, LRCX (big breakout today)...
Disclaimer: I own these and many, many others. My opinion only but is based largely upon "bonehead" chart and tea leaf readings--MK-- |
