I would actually agree, there are few tech stock I will play after this, it will be leaders in the industry or someone with dominating cash flows, market share and at least billions of dollar market cap with high growth revenue. These tech stock are nothing but low margin anymore and just cannot survive. i am going back to my CAT, DE, and fertilizers, and other sectors if I make it out of this alive.
Sorry to see you getting worked over by FIO. Hopefully they're nearing a bottom. Personally I can't see them breaking the all time low ($14.95), even w/ a negative forecast. The valuation will start looking pretty tempting around $1.5B ($15.5/share), at which they'll have 25% cash ($3.80/share). One or two quarter's w/ 10-20M of losses won't even put a dent in the $370M stock pile.
who knows, this whole market over bought by a mile with headwinds coming down the pike. to be at a 5 year high when everything is just as bad as it was 3 years ago., make you think sell now and buy later. like i also say watch netlix for a crash and burn, they way over valued once again.