Trading The Technorati
What a year so far for tech investors. Apple (AAPL),Google (GOOG) and Research In Motion (RIMM) shares are all down more than 9% as the NASDAQ gets slaughtered on a daily basis. And this is happening during a time that’s typically strong for tech.
As the next BlackBerry-like blockbuster is unveiled at the Consumer Electronics Show in Vegas or as the next iWinner is revealed at Apple's Macworld, can innovation save the industry in '08?
To answer that question, we turn to the tastemakers of the new technological age: the bloggers who break the biggest news and move the most fast bucks.
On Wednesday, we talk with the web wag described by The Economist as a “celebrity among geeks worldwide” with a blog that gets 6 million hits a year.
Robert Scoble, author of Scobleizer.com joins the panel for this conversation. (He used to work at Microsoft in the mid-90’s and is the co-author of "Naked Conversations: How Blogs Are Changing The Way Businesses Talk With Customers.")
Following is a synopsis of the main points made during his interview.
What was hot at CES?
I saw a Sony TV that was thinner than my cellphone, says Scoble. It’s stunning.
How about cost?
The Panasonic 150 inch flat screen TV will run up to $150,000. I can tell you, the guys from YouTube were looking at it, he replies.
What’s the trend for ’08?
Mobile devices and big TV’s, replies Scoble. At CES the Nokia booth was packed.
How do you trade it?
It’s fun to talk about these gadgets says Pete Najarian, but I recommend staying away from tech right now.
Or you might want to look at Corning says Guy Adami, because they supply the glass for those big screens.
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Trader disclosure: On Jan 9, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (C), (MSFT), (MCD); Najarian Owns (AIG) Options, (CFC) Options, (VLO) Options, (WM) Options, (YHOO) Options; Finerman Owns (GS); Finerman's Firm Owns (DSW), (PLCE), (SKS), (WMT), (YHOO), (AEO),(CROX); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Is Short (IYR), (IJR), (IWM), (SPY), (SPG), (TCO); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Seymour Owns (AA), (AAPL), (CFC), (ETFC), (INTC), (MBI), (MER), (MSFT), (SBUX), (YHOO), (CSCO), (TIE); Seygem Asset Management Owns (EWZ), (EWT); Seygem Asset Management Is Short (PBR)