Tech is going to be the next shoes to drop in this market. Yes folks TECH stock will dive in this weak economy. Tech should get a flush out here soon and that's why GOOG earnings is so important. I think we will get a few strong short plays if these tech earnings aren't as strong as they were last quarter.
I think EBAY could be on its last as a growth tech company. I believe it has matured and is in the same boat as Microsoft. A stock that is just too mature to move higher and give us no reason to sell but the difference is EBAY is not cash rich like Microsoft. I think a year from now EBAY will be $15 or closer to $10.
Again if GOOG come out strong like last quarter I expect tech to rally So dont be in a hurry yet. Let's wait till thursday for GOOG and IBM to report then we can set up some plays.
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