Techs critically ill.........
Mike, going back to what I said above, the value is not in techs at the moment - I no longer spend my time looking there.
What is concerning me most about the high-tech indices, is that as the Techmark is at record lows, the Nasdaq is still about 20% over its record lows early April. I cannot believe that even if there are no further warnings from UK listed companies (which I do not believe!), that should the Naz fall, the Techmark will rise. And on the basis of making lower lows, you would have to say that the bear trend has not - as I hoped and believed, been broken. My only grace is that apart from a small punt, I did not put any more money where my mouth was!! Thank god for exams.
Anyway back to above. Unless there are some big positive earning surprises in the US (don't hold your breath!), this could be a revisit of some difficult times. With such dissaffection in stocks post-marconi etc, the suffering could get worse - esp if people just ditch them.
Me - well, I am spending the time getting acquainted with AIQ, and looking forward to my holiday in a weeks time. I don't intend to trade before then.
All the best,
Keep looking in the solid growth outside techs,
Mark