those aren't growth companies anymore, so you can probably short them but otoh they don't move enough to make any money shorting either.
But the class of stock where PMCS is, basically one of these former high fliers that has become a super cheapie, there is no real reason to short those and you run the risk of one little piece of good news causing a spike up in the stock like ITWO.
In general tech isn't a great short now, I don't think. THere isn't enough speculation in it. Of course some people think every stock is overvalued if it isn't trading at liquidation value, but imho in order for a crash to occur you have to have froth in the first place, and the froth is not in tech, it is in the homebuilders. The tech demand picture has been artificially depressed for a few years now, and is coming back, so those valuing on the demand picture from 04 are going to be a little surprised imho.
For the record I think tech is going to have a great fall too, on the long side. Maybe even some of these big dogs like intel and cisco can go up, I'm not counting on that, but I am sure GOOG, the china internets and some chips like sirf are going up, for sure. |
