Don't Get Sucked Into Tech Stocks
This column was originally published on RealMoney on March 8 at 8:48 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
The insistence that tech should go higher here is annoyingly palpable. This morning Morgan Stanley upgraded KLA-Tencor(KLAC Quote) and Applied Materials(AMAT Quote) and I am sure there will be the predictable excitement that comes from saying anything good about anything semi.
To which I say, "Great, in five months I am all over this upgrade." Not much in 2007 has played out the way people thought it was supposed to, except the calendar when it comes to tech, which is to say that you can't own it here. You just have to forget about it.
You can occasionally trade it; Google(GOOG Quote) at $440 seemed right for a trade. So do Yahoo!(YHOO Quote) and eBay(EBAY Quote). ...
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