Economics 101

The best economic advice that you will ever receive - maybe.

Saturday, July 22, 2006

DELL looking good! Technology is being oversold!



On Friday (yesterday), Dell just got hammered 9.28% or $2.05 and is now on sale for $20.05. Qualcomm hit a new 52-week low of $34.11, but closed down $1.30 (3.63%), and is now at a limited time offer of $34.55. Hewlett-Packard Co. (HPQ) went down $1.28 (4.03%). Have you noticed that all of these stocks have one thing in common? It's technology! Although I gave you their quotes in my last blog, I'll give them to you again: Texas Instruments (TXN) $27.03 down $1.02 (3.64%), Ericsson (ERICY) went down 99 cents (3.10%) , Nokia went down 61 cents (3.08%), Advanced Micro Devices (AMD) went down a whopping 17.27% ($3.74), and the semiconductor future, SMH, went down 98 cents (3.26%). All of these companies are either tech companies or semiconductor companies. These two industries are being oversold, which is why I think it is time to buy. I think your two best bets are Advanced Micro Devices (AMD) and Dell (DELL). AMD can't afford to go much lower and Dell is a world class company being the largest computer manufacturer in the world.

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