With any soldier in battle, wounds require healing. The tech stocks have suffered some injury recently and must have some time to recover. With those who've been leading the charge injured, the followers are in disarray. The campaign is at a standstill. Once the bleeding stops, the injuries begin to heal, and when recovered, tough scar tissue will have replaced what was formerly soft spots. Regenerated and battle tested, the troops will march to the front lines and the war will resume. Have no doubts, this army has not been defeated yet.
We could see MSFT in the mid $60s, CSCO in the $80s and DELL in the high $20s before this is over. I wouldn't sell now. Nor would I buy either. I think any buying would best be postponed until July, or until the recovery is clearly visible. Anyway, I hope to celebrate the beginning of the new century with MSFT above $120, CSCO above $170, and DELL above $75.
Gotta go. Hope this helps, PW.
Usual disclaimer: I'm not giving advice here, just an opinion. If you take what I say and make a profit, you'll have me to thank. If you lose your life savings, you've only yourself to blame. PW.
P.S. HOPE doesn't make a very good investment strategy.
P.P.S. Don't get greedy.
P.P.P.S. Don't confuse a bull market with brains.
P.P.P.P.S. Say your bit in your post and stop the PS BS. |
