Barry Hyman Trading Quotations

I think it's too late to be worried about where your tech stock is going to go from here. There are some opportunities out there and we are aware of the short-term problems in the marketplace with the Fed being aggressive. So, we're not looking for a very vigorous rally over the next one to three months. There will be trading rallies. But the investor, the small investor, the intermediate-to-long-term investor should use the summer time, which is seasonally weak for technology stocks, to start to accumulate an easier way into some of these great companies,

I think it's strictly short term. The market is just range bound with trading opportunities. It's all sentiment right now because fundamentals are just not there.

(Microsoft) has been trading like the company (had already) lost the antitrust case against the government. The stock has been extremely weak compared to its sector and especially since the company has already reported earnings.

Trading is going to be dominated by waiting for the Federal Reserve Board. We still expect the Fed to go a quarter of a percentage point, and no change in language.

A rebound in energy (prices) could be one of the excuses for a mid-December trading peak (in stocks).

It's very focused on the Intel and IBM story today but it's a fairly flat trading day, ... All we've done is gain back a little bit of the massive losses. The damage is still out there with the losses still sitting around.

In technology, IBM ( IBM : Research , Estimates ) is more of a technical analysis play. The stock has broken out, or getting very close to breaking out, of a trading range. And I think the market's still going to give a premium to quality companies in technology. IBM being listed doesn't get that Nasdaq appeal, however. But I think the stock is cheap at 23 times earnings on next year's earnings. And their big server market and the other types of technology they have are doing very well in the service sector.

And (Chase) is trading at 10 times next year's earnings. I think the stock is very cheap from a valuation basis, and it's not something that will move immediately. There are cost restructurings to go into this merger; but over time, I think the stock looks good. And I have a 12-month target of around $60 on that,

The market is exhibiting the typical end-of-year patterns of low volume, lackluster trading and little volatility.