Should techies and geeks be buying technology stocks now? Why not they are on sale, and on fire. I have made some good choices just by watching and reading. I wanted to buy VMW when I saw it for 94.00 a share, I waited and then it went to 125.00 the next week. Go to reuters.com for stock info.http://reuters.com
I thought, damn I should have bought it, but today on news that Oracle is doing something similar their stock dropped like 50 big ones. So I am glad I did not wade in there. I bought Oracle instead today. I thought VMW too expensive but that is not the only reason for not buying a stock.
I sold my ebay stock short, and nokia and akam too. They all dropped. But even though yahoo! dropped I think it is a keeper. I have one share in google. THat's a sad story because I planned to buy tons of it when it was offered but I didn't.
Good news: Visa is about to go public. I thought it was today but could not find it.
Then there is apple, I am mad as hell about apple stocks, I have a few apples in the barrel because they are expensive. But guess what it is also a 5 star rated stock. It is a keeper too. I have included my stocks holdings as disclaimer here.
Today, Cramer is saying buy Halliburton. I wrote my article yesterday about the natural gas glut that is coming. I don't have stock in Halliburton but I have royalties coming directly from the gas lease I signed for the gas under the ground under my house instead!
People don't buy the oil and gas futures hype. Why? Because there is a oil and natural gas glut coming thanks to the wonders of horizontal drilling.
If Bush dropped Sadaam for his oil, then I say where the hell is IT?