What's driving the a disk drive stocks higher? Like Lawrence Kam says, we're in a bull market, even if you'd never guess it from the recent prices of the disk drive stocks.
But on Tuesday (whatever day James Cramer shows up on CNBC as a guest host, I'm having a problem with keeping my dates straight), he was saying the disk drive stocks had bottomed. He wasn't saying to go out and bet the farm on this sector, but most of you know how bearish he's been on the sector for months.
Also, a lot of analysts are saying the Asian problems have been discounted, will soon be over, whatever.
But you can always find analysts that are saying almost anything, if you want to look for some 'expert' to back up some theory/story. In fact, you can often get some analysts that will back up both sides of an argument.
Regards,
Larry
PS: Lawrence Kam, did you know your boy, Alan Greenspan, helped to create the Year 2000 problem? He mentioned today that when he was writing software about thirty years ago, people figured the software would last two or three years, and then be replaced. But it didn't work out that way, and now we have the Year 2000 problem. |
