This is the greatest time to buy these stocks when nobody wants them.
More Quotes from Ned Riley:
Today the market anticipated possible problems over the weekend. If nothing happens, we might have a better Monday than we've been having.Ned Riley
These companies are actually growing, ... The whole group is growing somewhere between 10 and 13 percent relative earnings growth and the price-earnings ratios are about 13 to 14 times. It's one of the few groups out there that are actually selling at their growth rate in terms of price-earnings ratio. And, right now, it's strange -- people don't like the group. It isn't a hot group.
Ned Riley
EBay was given no mercy after hours. Followers were very dismayed by the guidance and that clearly was no help for the rest of technology.
Ned Riley
With the exception of the Dow, it (was) eerily quiet, waiting for Cisco's results, ... The Dow is clearly the strongest (today) and it's because there's still a lot of money flowing out of technology.
Ned Riley
We took two steps forward last week and only 1 step back so far this week. So there is some comfort in that. Hopefully we'll get through this weekend without incident and that should give people some reassurance.
Ned Riley
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