Staying Skeptical on Tech

 | Nov 26, 2012 | 4:09 PM EST  | Comments
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Tech is talking. I can't believe this group is able to rally without a single good story, except Apple (AAPL) or maybe Amazon (AMZN).

But hope springs eternal, and it is coming from the new dot-coms. Facebook (FB) is roaring again, this time because of a terrific upgrade from Bernstein, which told you when to sell it, when to hold it and when to buy it, in virtuoso form.

Bottom-fishers are out in full force, with Intel (INTC), Hewlett-Packard (HPQ), Cisco Systems (CSCO) and Dell (DELL) managing to tack on some gains.

And (CRM) won't quit.

I am deeply suspicious of this group. Of all these stocks, only Facebook might actually be able to beat its numbers. There is no positive momentum for disk drives, software and hardware, while mobile is wildly competitive.

To me, the group is just giving you one more opportunity to sell. Don't be greedy. 

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