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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (74451)	11/9/2007 5:46:54 PM
From: t2	Read Replies (1) \| Respond to of 77398

as far as safehavens, if not tech, then what? Most other sectors are either very risky and frothy like alternative energy or oil, or they are very risky due to the weak dollar such as bonds, or they are very risky due to the weak economy like finance and real estate. The only sector really performing without being ridiculously frothy is large cap tech. Do you have any other ideas? Not many that work. Even ones I thought would work did not last couple of days. Only safe havens I can think of are 2 stocks: 1. Apple (believe it or not). Companies that don't rely on selling to US corporations. Here you have a high flier that WILL NOT have any changes in fundamentals based upon the economy/subprime issues. Looks like a great buying opportunity but one has to be willing it hold it through the next earnings. New operating system. Everyone wants to buy a Mac; just check with any college student; they are envious of their friends who have one. 2. The only other company I like is Best Buy (BBY); a beaten up stock that has a huge buyback; buying back 1/4 of the shares. Becoming close to a monopoly and maybe that is why they are doing the big buyback; gives them incredible bargaining power with suppliers. Games,notebooks, tvs and especially Apple stuff. One think people don't realize is that the Canadian business may be 15 to 20% of sales; so you have a weak dollar play, especially as the loonie has soared in the past few weeks. The competition (CC) having too many problems. ------------------------ Financials already beaten up; looking for a 10% upside trade. Maybee RIMM on the short side(with puts) but only after it runs up into December earnings report. will probably buy puts on the day before earnings. INTEL buy after this selloff. Maybe the other techs are also beaten up enough to be buys again.