Pick Your Targets

The market rose nicely on Friday and the Dow finished up for the week. However, tech stocks were down for the week. On Friday, Intel fell 1.1% and Sun gained just 0.7% despite a Nasdaq gain of 0.62% on the back of Microsoft’s report of higher earnings. These stocks have had a nice run already. To push much higher than their recent highs would be pretty frothy.

The froth might come, but I don’t want any of it. If the past three years have taught us anything, I hope it’s that buying hopes and dreams can kill your hopes and dreams. Buying solid companies when they’re cheap will build hopes and dreams.

Here’s a good rundown of this week’s tech stock performance. Enjoy the weekend.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • The Kelly Letter logo

    Included with Your Subscription:

Bestselling Financial Author