Love for Amazon ($AMZN). Love for Apple ($AAPL). Love for Google ($GOOG). And not a lot of love left for everyone else.
I know a lot of people are jumping for joy that a Broadcom ($BRCM) goes up after being pounded into submission, or that Western Digital ($WDC) can break out of the orb that is Seagate ($STX). But this tech market keeps speaking in the same tongue: Give me high-growth Internet with cloud (Amazon) and mobile (Apple and Google) and social (Google). You have to have at least one, but if you have it in spades, as Amazon has, there is no price that seems too high to pay.
I know a lot of people are jumping for joy that a Broadcom ($BRCM) goes up after being pounded into submission, or that Western Digital ($WDC) can break out of the orb that is Seagate ($STX). But this tech market keeps speaking in the same tongue: Give me high-growth Internet with cloud (Amazon) and mobile (Apple and Google) and social (Google). You have to have at least one, but if you have it in spades, as Amazon has, there is no price that seems too high to pay.
However, if you are in telecom equipment, think Riverbed ($RVBD), Acme Packet ($APKT), Cisco ($CSCO) and now Juniper Networks ($JNPR), which had already been down so much that we nibbled at it -- wrongly it turns out -- for Action Alerts PLUS, there's no price that people will pay for it.
The dichotomy is stark, and it reminds me that without those parameters -- social/cloud/mobile -- it is just too dangerous to play. The rest follow the old "see you in September" dictum. 
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