Technology and Internet Value Basket: Loaded and Ready to Fire.
The US Equity Markets are falling. Technology stocks are currently out of favor. Below is my list of big cap, highly liquid technology and internet oriented media stocks that I will buy as a basket once it seems the big selling is coming to an end.
Characteristics:
1. They are all old line companies from the last bull market that are being ignored this time.
2. They are being ignored because they are still being considered as technology companies.
3. They are in the process of converting to standard business and thus falling through the cracks of who watches them.
I’m ready to buy at the right time. Here’s to hoping the market keeps falling.
The list:
Intel (INTC) $17.14
Microsoft (MSFT) $22.09
Dell (DELL) $25.32
Interactive Corp (IACI) $24.73
Oracle (ORCL) $13.37
Cisco (CSCO) $19.67
Yahoo (YHOO) $30.20
Disclosure: Nothing in this blog is meant to be a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only those that I think might be interesting. Consult your own investment professional before buying or selling any security.
I own Microsoft, Yahoo, Intel, Dell and Interactive Corp. I am waiting to buy names above and plan to execute as a program. I may never actually execute this list.
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6 Feb 2007, 6:09 PM
David Neubert wrote:
I'm starting to think that Microsoft is reaching the top of it's valuation. Perhaps we get a bit of a kick into year end. I'm not selling right now but I'm looking to sell April 30 calls against about a quarter of my position. When I picked up the position in the summer I was looking at just above 30 as my target price. At a p/e of more than 20 against next years earnings, I'd be ready to sell.Stock Traders Daily, Thomas Kee, sets out all the arguments to short MSFT. While I'm not ...
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