Excardog,
There are many tech companies that still seems to sport lofty valuations, as you note.
Most pundits, when picking the "ultimate" NASDAQ bottom, were throwing out numbers in the range of 1400.
This is only a ~15% drop from current levels. Some of these B-to-B's are still flying mighty high, valuation wise.
Nonetheless, if you pick the right one, you may find yourself with a very quick 10-bagger when this ship turns around. ARBA, INKT, AKAM, VIGN etc.. Most will likely fade off into the sunset, but a few will probably hit paydirt. B-to-B confuses me, I may look at an E-commerce mutual fund to play this.
It is beginning to look like Don Hays may be right about one thing, that the final capitulation will come sooner (within the next two weeks) vs. later (4 - 6 months). Action lately certainly looks like capitulation is at hand.
Warp |
