From Michael Murphy's Latest Newletter...
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Dear Investor,
Tuesday after the close, Cisco Systems announced earnings that
beat the street number by more than 20%...
...and nearly QUADRUPLED its profits from the wash-out lows of the
same quarter last year. And that, my friend, is a KEY SIGNAL of
the technology recovery I've been writing to you about for some
time now.
A recovery that can make you a ton of money over the next six
months to start. But only if you DON'T get scared off by the
wailing hyenas that want you to believe that "tech is dead" --
gone forever.
AND when the gains come, I'm looking for a flood of profits in a
very short period of time. Let me explain why.
Technically speaking, these stocks are way oversold. Perhaps
you've seen "Bollinger Bands" discussed on CNBC -- it's simply a
tool to show when stocks prices are way above, or below, the norm
over time.
I don't want to get too technical here, but today we're about 2.5
standard deviations below the average -- which is just about as
oversold as stocks ever get. Heck, we didn't even see that mark
in the plunge following September 11th.
Yet the hyenas are running around telling you that tech stocks
have nowhere to go but down! AMAZING!
I don't need to name names. You know who they are. Their job is
to panic you into selling at the bottom -- making themselves seem
prophetic, so they sell more books or ink a new deal on Fox.
PLEASE. If you hear or read something like "1,384 Enrons are
rushing towards bankruptcy" or "NASDAQ 800," don't believe it.
It's a sucker's game. Ignore the pleas to sell all your tech
stocks. Ignore the LIES about some double-dip recession.
Tech already bottomed. Now it's on the way back. Cisco is just
one example. The GDP rose 5.8% in the first quarter -- tech
played a big role. Spending on computers and peripherals, for
example, rose at a 38.2% rate in real terms.
But no one is telling you about good news like that.
YOU KNOW WHY? They figure they can sell more books, more
newsletters, more gold shares, more garbage...by scaring you
instead. And human nature being what it is, the hyenas are often
right.
But I'm not stooping that low just to make a buck. I couldn't
live with myself if I did. And there's always a chance -- if
this message hits you at the right time, in the right mood --
that it will have an impact.
And if it does, you'll buy the dominant technology companies now
-- instead of KICKING yourself later.
I'll be honest, investors are running scared. Short-term, this
market may go nowhere. It could even get a little worse. But
the technical and fundamental factors ALL point to sharply higher
tech prices by the end of the year.
I'd hate to see you miss out.
Computer-related companies are already doing much better, and
it's spreading to software as well. Cisco's rejuvenation bodes
well for the Internet equipment group. And sector by sector,
tech is growing. Slowly at first, then with a RUSH.
And by the time most investors catch on, the insiders will have
locked away the biggest gains -- again.
AFTER ALL, most investors listen to the hyenas of the world. And
those hyenas will climb back on the tech stock bandwagon after
these stocks have DOUBLED and TRIPLED from here. They figure
it's easier to pump tech stocks when they're already red-hot --
and dump them when folks are most easily excited.
That's the game the hyenas play. Not me. Not ever. Maybe some
folks don't want to hear this GREAT NEWS that starts with
Cisco...they've already bought into the bad.
But I'm hoping you're different.
If you are, buy the very best technology companies you know now. |
