Mar 22, 2005

Some Tech Looks Attractive

I am looking at some tech stocks today mostly for short-term bottoming patterns but a few uptrends also. Some stocks that stood out to me were SYNC, CMGI, EBAY, SYMC, BSG, JNPR, RIMM, and AMZN.

I may do some small buying in the AM and use the volatility around the FOMC statement to get bigger. These are 2-3 week trades just looking for tech to play catch up while the stock market gets off of its heels a bit. Stops will be new 2 or 3 day lows.

The semiconductors and semicaps don't look like they will be tech leaders on a rally.

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