Thursday, April 24, 2014

Horrendous Earnings...Sky High Valuations

Wow! The tech companies operating profits have been terrible. If you prefer to use Non-GAAP earnings or virtual currency, then they were great! Fortunately, stocks don't trade on that for too long. Spring is coming and people are not going to be spending as much time playing on their idiot boxes. Sell in May and Go Away - are The Words on The Street. These stocks will be a lot cheaper by summer. A lot cheaper.