TECHNOLOGY: With the Asian Crisis in full bloom, this sector will remain unattractive for some time except for special situations and momentum plays.
Our favorite strong buy is a turnaround story in the making: Motorola: MOT - VERY positive out performer and not because of Siemens (but new management focus AND horoscope)-another Novell.
We are a cat waiting to pounce on
(1)COMPAQ: CPQ - Short till 25, then reverse 18-22 and long term buy.
(2)INTEL: INTC - Accumulate this summer or 58-62.
Good Companies, but fully valued: ORACLE: ORCL, IBM, and SUN:SUNW.
Lucent: LU - Example of Roth rule 1. Great company - silly price; Market neutral.
BIG LOSERS: AOL, AMAZON: AMZ and HEWLETT-PACKARD: HWP
Hewlett Packard is a strong sell for all year as we have often mentioned. Finally this May, industry analysts reversed themselves and agreed with us.
While subject to numerous short squeezes, both Internet plays (AOL/AMZ) will come home to papa. Patience.
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