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Technology! Technology!
... Technology?
By Peter S. Iuvara
Who doesn't want to make money in the stock market? The stock
market is an awesome tool, or channel if you will to making
money. I have heard people say the stock market is like "legalized
gambling". I tend to disagree. Yes, there is some degree
of risk and luck, but if that's all you have, then any 'lucky
streak' will be surely be short lived!
Most investors I have spoken with feel like they have just
had their heads bit off by someone who has just accused them
of 'ruining the shoe' at the no-holds-barred, high-stakes
$1 blackjack table! Investors need to be well informed; especially,
in todays market conditions. There is a great deal of information
out there to digest when deciding on what stocks to buy. Many
investors though the technology excitement would never end.
Unfortunately, many investors have lost money over the last
12 months because of this. I am a strong believer in technology
and how it can and will improve our standard of living. The
rate of progress and advancement in technology is mind-boggling
at times, which may have lead to the dramatic technology bubbles
of last year. For example, it is estimated that in 2010, the
microprocessors used in today's most highly advanced desktop
computers will be so cheap, that they will probably be used
in everyday household items, such as, light bulbs!
Technology is the future; it is where investors need to be.
Over the long-term it should undoubtedly produce the largest
gains. So is now the time to buy technology? Well, that depends!
We have done extremely well over the last few weeks by playing
more conservative securities … Walgreen (WAG), American
Eagle Outfitters (AEOS), Skechers USA (SKX), XTO Energy (XTO),
etc. We decided to stay away from technology near-term during
the earnings season to Federal Reserve meeting time range.
As we approach the Fed's meeting next Tuesday, we will probably
change our weighting on technology.
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