Opportunity in Big Tech and Internet Stocks
With the recent selloff in Big Tech and Internet stocks, this might be the right time to find the bottom and getting into these stocks.
Either bad earnings or future outlook has caused big selloffs in Yahoo Inc. (NASDAQ: YHOO), Apple Computer Inc. (NASDAQ: AAPL), Ebay Inc. (NASDAQ: EBAY) and Intel Corp. (NASDAQ: INTC). Yahoo has suffered the most out of this group and it would be interesting to see how low it goes. Ebay would also be good buy below $40, if it does go that low. Google (NASDAQ: GOOG) has also suffered due to the Yahoo report and analyst downgrade. If you can figure out the bottom then Yahoo would be a great buy.
Also, check out some of the internet stocks from India and China that have suffered these last couple of days. Both of these markets are still at infancy (especially India) when it comes to Internet penetration. Stocks like Sify Ltd. (NASDAQ: SIFY) and Rediff.com India Limited (NASDAQ: REDF) are worth checking into.
Finally, look into Seagate Technology (NYSE: STX) which continues to impress.
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