|
Friday, October 24, 2008
...for a long, long while.
Pretend Investors:
I was recommending you dollar-cost-average your way into tech stocks, by buying GOOG and YHOO at bargain prices. Today is another sickening day on the markets, so what better time to get our buying over with and go back to sleep for another five years.
I no longer feel strongly about following up with more YHOO, however. If you like gambling on takeover offers, then take a plunge here at $12.04, much as if you were betting on the Browns to cover at home for the rest of the season. But that isn't rational investing, it's educated roulette. (There is a difference?)
Take your remaining imaginary funds and plow them into GOOG. They have good prospects and this is a relatively safe entry point here at $341. Plus: emoticons in GMail!
If you're a real investor, though, you should probably be finding well run companies that are trading near cash value. Real bargains won't be found in these large tech stocks still trading at multiples much higher than the S&P average.
Edit: did I say $12.04 and $341? I meant $11.86 and $337. I told you this thing isn't for the faint of stomach!Labels: goog, yhoo
Posted by
Andrew Goodman
View Posts by Category |
|
D'oh!
|
