Hey KeepitSimple,
<< This behavior will in turn attract MORE buyers, since it is THE ONLY TECH STOCK THAT IS SAFE TO OWN. All the rest are down 80% or more. >>
I looked at some prices earlier today at the end of January, just before things went south from early Feb. I found that some other leaders had not done so poorly. On January 25th, the Nasdaq closed at 2754 i believe. Now, of course, it is at 1961, which is still a 29% clip. MSFT (61 13/16 to 62.18), DELL (26 7/16 to 27.92), and AMAT (48 3/4 to 49.47) are all up a tiny bit in that time frame.
Pretty amazing. The reason I find it so is because many argue that the pc sector has become and will continue to be the slowest growing tech sector if/when/whenever the market turns. People must still like Msft's enviable almost-monopoly on the OS and the fact that for every pc made, they bring in much of that revenue.
Intel and Txn have held up okay in this time frame (down less than 20%), but the other so-called Gorillas have all gotten smeared. ORCL and SUNW almost cut in half. NT, CSCO, EMC down over 50%. I won't even bring up the next gen hopeful Gorillas like BRCD or JNPR. Nothing new here, but found it interesting that AMAT and DELL are still so strong and so eager to jump back up. I would have also figured EMC to have held better higher since they were one of the last to warn and maintained that storage would still grow at a rapid clip in a slowdown. CSCO and SUNW and ORCL don't seem to bounce back near as quickly as DELL and AMAT, even with Nas strength. Might be mostly attributable to the SSM semi upgrade last week.
Granted, this could all change in a few minutes time. ;-)
pigboy |
