These oil stocks that have huge runs, oil exploration, oil services, I think you sell them now and they pull back and stay down for years with the price of oil.
More Quotes from Scott Bleier:
Over the past couple of weeks, the move higher in the stock market has been supported by a few big-cap stocks. This is a repeat of the 'Nifty Fifty' in the '70s. While the averages have hit new highs, the bulk of the stocks is moving lower.Scott Bleier
Everybody on Wall Street knew how ridiculous the month of February was, but we still had to be in it, ... We asked ourselves, 'Are these things justified by any measure of valuation' The answer is, unequivocally 'No.' But you have to participate in order to make money for your clients.
Scott Bleier
Some people are thinking that technology investing is smack in the middle of the summer doldrums., ... The fact is that technology stocks and Nasdaq have established a near- to intermediate-term trading range, and we're thinking that technology stocks are on their way to the top end of that range, and that's approximately 4,000 on the Nasdaq composite.
Scott Bleier
You'd think it'd be a great idea for a (public) company, ... After all, the big areas of the Internet are basically stock trading, e-shopping and pornography. But you can't really invest in it. And you know, maybe that's the way it should be, quite frankly.
Scott Bleier
No one likes to lose money in technology, ... We marginally broke 3,500 and everybody has been looking for a giant capitulation day. We may not get that but this is a market that is healing.
Scott Bleier
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