Still stand by these areas
1) Software
2) Connectivity
3) Bandwidth
4) Content
5) Mobility
If you cover these areas, as opposed to pure plays it is equal to saying instead of owning a store in the mall.....i own the entire mall, the parking lot, the roads to the mall, most cars, as well as the gas stations!
BSS, think the beast is amonst us.....personally think we are looking at a replay of the 1st quarter of 1997. A 20% Nasdaq drop thru Feb and most of March caused by rate hike fears, then the end of March brought a .25 hike and April kicked off a 60% gain in the Nasdaq. 2000 is the first real support, 1800 is next and at 1700, I blast the beast with all I got. Don't think we will get the rate hike this time however, but the fear of one will be the reason for the mini-correction.
Bought NETA, heck even if the SEC reverses ALL the writeoffs in question, it will only reduce their eps by .04! Also, if you have some patience (6 months, maybe 9 months) look at the ravaged ERP guys...psft and sap.
Next few weeks I don't think will be easy. Hope I am wrong and hope the Naz heads to 3000, but if I were a bettin' man, I would put my chips on Nasdaq 2000 first.
Dj |
