|
Mark, The only firm that can stop Cisco is Cisco. They are so much
smarter than IBM it is ridiculous, and I have a very smart
cousin who is a high
muckety-muck at IBM. The people are bright but the culture is retarded.
Big Blue definitely looks overpriced, though it
is still not volatile enough for my tastes. As SGT. Schultz used to
say on "Hogan's Heroes", I know nossink about the Dow. However, there
are some great put stocks among the bigger, non-tech companies. For
example, one group I always play up and down, gambling, is now priced
at nosebleed levels. Even more mundane are non-casino hotels, currently
garnering huge, unsustainable margins. These companies move plenty
when you catch them right. I talked about retailers in a previous
answer and though I don't usually play them, the upscale firms that
have been making so much money lately look awfully pricey to me. I
am talking about the Saks and Bloomingdales, and Tiffanys, not the
cos. with Mart in their names. Restaurants are always a layup. When
they get overpriced, buy puts on 5 of them and 4 will collapse. Every
time. The problem is finding 5 that have put options and are
overpriced. Planet Hollywood, Hard Rock, Models in G-Strings, and all
of these theme-oriented eateries should be layups. And you can always
buy calls on toy companies in the summer and sell them after the
Christmas boom. Even really good cos. like Electronic Arts. I hope
that gives you enough non-tech names to look at. MB |
