Yes, I think so too. I keep on wondering why the market keeps going down, when all the indicators are saying we are past the trough, for the overall economy. And the productivity growth seen over the last 10 years, which seems to be still going on, is largely due to IT spending. Decision-makers are aware of that, so software and tech hardware will continue to be an ever-larger part of the economy. I'm more willing to buy now than last September, because I can clearly see the light at the end of the tunnel now.
But........ within tech, there will be winners and losers. There are still areas where balance sheets are so ugly, we'll see a long lag (years, not months) before any sector pickup follows the general economy. And I've decided QCOM is going to be one of those laggards. So, today, I sold some QCOM at 31.4, and bought some AMAT at 22, and also some more ARMHY at 7.45. Just moving money around, incrementally shifting away from QCOM. |
