Some people are thinking that technology investing is smack in the middle of the summer doldrums., ... The fact is that technology stocks and Nasdaq have established a near- to intermediate-term trading range, and we're thinking that technology stocks are on their way to the top end of that range, and that's approximately 4,000 on the Nasdaq composite.
More Quotes from Scott Bleier:
You'd think it'd be a great idea for a (public) company, ... After all, the big areas of the Internet are basically stock trading, e-shopping and pornography. But you can't really invest in it. And you know, maybe that's the way it should be, quite frankly.Scott Bleier
The market is acting like we were just coming out of a recession, ... It's about as tough and confusing on a day-to-day basis because of all this rotation. The market is looking past the (economic) slowdown, past the (presidential) election and out to the
Scott Bleier
Everybody on Wall Street knew how ridiculous the month of February was, but we still had to be in it, ... We asked ourselves, 'Are these things justified by any measure of valuation' The answer is, unequivocally 'No.' But you have to participate in order to make money for your clients.
Scott Bleier
They do wireless and cellular. They make semiconductors and they own the set-top box manufacturer, General Instrument. Broadband is going to be coming into your home via either a cable box or a wireless box. I just think they have it covered her and the fact is they reported their earnings and a little margin squeeze at the time when technology stocks were crashing.
Scott Bleier
No one likes to lose money in technology, ... We marginally broke 3,500 and everybody has been looking for a giant capitulation day. We may not get that but this is a market that is healing.
Scott Bleier
Nasdaq is really a mixed bag. The Fed debate is why the market can't put a convincing rally together.
Scott Bleier
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