Tech stocks are stories. Nailing the stories, then choosing your timing is key.The last few months have been story time in techland.
It’s Amazon in cloud computing:
It’s Netflix is streaming movies:
It’s Apple’s neat new iPad and iPhone.
It’s Baidu in China’s exploding Internet:
Confirmed by this remarkable chart from this week’s Economist:
Tech stocks need stories. Intel, Cisco and Microsoft don’t have stories. That’s why their stocks are lagging. Both, sadly, lack the leadership to gin up (create) a decent story.
How to get out of a speeding ticket.
When asked by a young patrol officer ” Do You know you were speeding ” ?
This 83-year-old woman replied, “Yes , but….I had to get there before I forgot where I was going”.
This “joke” is not funny.
On the weekend, I meant to flush the toilet, but instead turned off the bathroom’s light.
Harry Newton who wonders why he didn’t push harder for all these four. Fourtunately, he had Apple and Bidu on the list. See the chart on the right. I suspect that these stories will continue to play out for a little while. But keep your stops tight. These four are getting into nosebleed territory. Somewhat reminiscent of 1999.
