Jim:
Yesterday, something
happened that I
don't think I've
ever seen before...
Hewlett-Packard (HPQ*),
a stock that I own
for
my charitable trust,
ActionAlertsPlus.com,
pre-announced a
much-better-than-expected
fourth quarter...
with a strong
outlook for 2009, in
a dismal tech
environment... and
there was what I
regard as zero pin
action!...
I believe in the
concept of pin
action... you know,
when you hit the one
pin... when they
hit... you usually
get some pins down
when you get some
"pin action." That
means, when hear
some news about
HPQ*, my first
instinct is to smash
open a PC, or one of
their printers, and
see what falls
out...
See all
of
tonight's
stocks
mentioned
on
Yahoo!
Finance,
here...
Wednesday,
November 19, 2008
(Cont'd from
above)...
Jim (cont'd):
Okay... disk drive?
Well, I'd buy some
Seagate (STX)
or some
Western Digital (WDC).
For printers, well,
I'd take some Canon.
They sell laser-beam
printers to HPQ*...
Glass? Monitors?...
Hey give me some
Corning (GLW)
or
AU Optronics
Corp. (AUO)...
Software?... Hey,
talk about
Microsoft (MSFT)...
Maybe these little
processors?... Let's
pick up some
AMD
(AMD).
Maybe some
Intel (INTC),
some
NVIDIA (NVDA)...
Mice... how about
Logitech (LOGI)?...
You see, ordinarily,
there'd be a million
different
permutations in
suppliers, and I'd
be kicking the tires
on all of them after
a quarter like
this... a
spectacular quarter
from HPQ*...
This is the kind of
company that can
generate genuine pin
action, which means
excitement that
moves up a lot of
stocks. What was
good for HPQ* used
to be good for
dozens of companies,
but it's not working
anymore...
No, this time, no
one can even bother
to extrapolate from
Hewlett-Packard (HPQ*)'s
quarter...
The bottom line, as
I have said many
times to you,
that...
The Bottom Line!:
We are re-creating
the 2001-2003 Nasdaq
market, right now...
where most stocks
lost 80-90% okay...
except for the ones
that had good
yields, and almost
none of them did.
Hewlett-Packard (HPQ*)
may not be good for
anyone else anymore,
since there's no pin
action here... but
it's still very good
for HPQ*. Every
Wednesday, we play,
"Am I Diversified"
and, from now on,
when someone wants a
tech stock, I say
make it HPQ*.
