Barry Hyman
Barry Hyman
accumulate aware easier fed great investor late looking next problems rally small start stock summer tech technology three trading vigorous weak worried
I think it's too late to be worried about where your tech stock is going to go from here. There are some opportunities out there and we are aware of the short-term problems in the marketplace with the Fed being aggressive. So, we're not looking for a very vigorous rally over the next one to three months. There will be trading rallies. But the investor, the small investor, the intermediate-to-long-term investor should use the summer time, which is seasonally weak for technology stocks, to start to accumulate an easier way into some of these great companies,
assuming based commentary companies economy fed inventory market problems turn
This is a market that is assuming everything is going to get better. There's been too much commentary by the chairmen of these companies that these problems are inventory but everything is based on a turn of the economy ? that's what the Fed is there for.
bombarded earnings expect market problems
This market has got problems and it's got earnings problems and it has not discounted yet. You have to expect to be bombarded every day by more earnings warnings in technology.
affecting credit economy economy-and-economics interest problems rates
The problems are the same: Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.
came companies cyclical problems quarter reacting
It's the companies that came through the quarter without any problems that are the ones reacting well and they're not as cyclical as some of the others.
believe concerns demand driven early impact inventory people problems sector street understanding wall wants
Cisco's story was that inventory concerns and demand driven problems are not fixable as early as Wall Street expected, ... People are understanding the impact of what Cisco said. Wall Street wants to believe things are rosy in that sector and they're just not.
emphasis fed key meeting next rate seeing slowing succession
I think we really have to get to the next Fed meeting before anything significant happens. We have to see the emphasis on a slowing economy, and that's key to seeing that there won't be an open-ended succession of rate hikes.
maintain market percentage point quarter whether wire
I think we're going to go down to the wire whether or not it's a half-percentage point (increase). If you want to maintain market stability, a quarter percentage point could keep the market at bay.
beaten beating companies earnings expand microsoft pattern powerful
I think it's the pattern from pre-announcements to earnings ? these are two companies (Motorola, Yahoo!) that have beaten lowered expectations, beating pre-announcements. When you expand that to the Microsoft story, it makes it even more powerful today.
bound market range sentiment short strictly trading
I think it's strictly short term. The market is just range bound with trading opportunities. It's all sentiment right now because fundamentals are just not there.
box business last model pc proves quarter versus works
I think this last quarter proves out that their business model works versus Gateway, versus Compaq, versus other PC box makers,
brought granddaddy market money moving toward
I think this is the look the market is going to have this month, ... There are valuation concerns, which was brought on by Cisco, the granddaddy of all valuation concerns. Money for now is moving back toward traditional stocks.
afford economic impact line morning news number overlook retail rise sales
I think we are still in a consolidation period, ... and I think we can't afford to overlook the impact of the economic news on the market. You had a retail sales number this morning that was in line but nothing spectacular and a rise in jobless claims.
clarity concerns until
I think we are just mired in interest-rate concerns until we get some clarity on rates.