Old Tech Has Made a Turn
- stevenplace
- October 24th, 2011
Don’t look now, but the Nasdaq 100 ($QQQ) is near it’s recent highs.
Much of this action is being driven by the well known components like $AAPL, $AMZN, and $HANS.
But underneath the surface we are seeing a potential trend change in older tech names.
These companies can be viewed as very, very large ships. In the face of new competition they often are not able to innovate due to lack of leadership or a deep bureaucratic system.
They either sink, or make the changes needed to be successful inthe market place again– and that takes plenty of time.
Below are a few charts that show potential new or continuing trends of “older” tech names that could be due for higher prices.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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