Ao minuto: EUA entram na ofensiva contra o Irão e atacam instalações nucleares

[Incognitus]

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[Visitante]

pq é que o incognitos en vez de fazer, pede ao Ulisses para fazer isso?
Apenas curiosidade

[Ulisses Pereira]

Aqui está ele.

Um abraço,
Ulisses

Cody Willard

"No Turn Here"
5/05/03 11:17 AM ET

"I'm sure it's no coincidence that it's the high-beta names of yesteryear that are flying the highest this morning. Everybody wants to say they were there at the bottom, when the big turn in the teleconomy finally came.

Personally, I don't think there's some sort of wholesale turn upon us. I think we've got some relatively attractive valuations in the cheapie techs, some of which no longer have glut issues in front of them.

That's really the biggest problem I see with taking Intel and Nvidia and Skyworks and Silicon Labs. Even if end-user demand returns, I don't know how these companies overcome the glut of inventory -- both of components and in finished products -- that is out there. And China, with its touted growth, is the biggest culprit.

These issues might not pop up anytime soon -- could be months away in fact -- but they're out there and they warrant caution in many names.

And speaking of caution, I've been doing tons of homework on the handset vendors, and it isn't pretty. There are still scores of handset vendors around the world -- very few, if any, of these players have thrown in the towel.

And in Asia, particularly, these companies are still gearing up for growth and ramping up capacity. It could get very ugly indeed out there. Man, as these stocks continue to run, I'm licking my chops at pressing my shorts and scaling into puts. I'll let my cheapie techs stay in place, but I continue to think these highflying vendors, semis, semiconductor capital equipment and large-cap techs have increasingly attractive risk/reward profiles to the short side.

Short NVDA and SLAB "

(in www.realmoney.com)

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