I know I didn't get any sleep last night, so I gather
you didn't either<g>
I know I'm sleepy because I missed this:
(see if you can guess who it is)
That's why I am trying to build a mix of rate-cut names
and bulletproof names, but I am leaning more toward
rate-cut names because the upside is much bigger and the
downside, at this point in the cycle, is much smaller.
Of course, some stocks escape the dichotomy. Those that
have a product cycle, like the Intel (INTC:Nasdaq) Pentium
II, or a potential price increase, like the disk drives,
can be bought without regard to Fed concerns. I know that
sounds glib, but after last night's 3Com (COMS:Nasdaq)
call, I just keep feeling better and better about tech.
(And what is this sales-lag stuff on the site? That's just
silly. I am long 3Com, and I was very pleased by these
numbers -- as was everyone else I know.)
Even he mentions the BS about the sales lag comparison to
last year. Too many journalists without a clue. You
can't do a year over year comparison in sales, and further
more tech in general has been going through inventory
problems. But now the inventory problems of all tech are
starting to improve. |
