Hallo William,
no I wouldn't touch most DOW stocks. I think that the DOW might eventually come down, perhaps in 6 month or so. Most DOW stocks are overvalued. Im a bit cautious about tech stocks because I think that a weak DOW won't let the tech stocks untouched...
With high tech, you are right. You have in the US so many growth companies that you do not know to value them. If the same companies were located in Europe, they would be much more expensive. I am amazed about the friday rise in tech stocks, because of the relatively good Micron anouncement. I expected that tech stocks would be dumped. so I were wrong. Nevertheless, I expect more bad news in the near future. This might give me some opportunities to buy some tech stocks finally. After the recent CPQ drop, I thought a bit about PC-stocks. I think, that DELL might be better than CPQ right now, but I am not shure. I am shure that Network PC's are worthwhile to think about. However I feel, that the weak spot will not be to be a cheap 500$ network box, I think the problem is that phone lines do not allow the high data transfer rates needed for operation. |
