Jacob tells the desk that although there could be weakness in the tech sector, you can still profit by investing selectively.
The trick, he says, is to find a trend that's working. That is a trend that's strong enough to allow companies to grow even if the overall sector shrinks.
And he thinks one area of growth will come from Internet search advertising.
Zach Karabell concurs. "You can have contraction in overall ad spending yet still have growth in niche areas such as Internet advertising."
And which firms dominate Internet search advertising?
That's Google and Yahoo .
As you might imagine Jacob is bullish on those two names no matter what happens in the rest of the sector (or the rest of the market for that matter) becuase "Internet search advertising should grow in 2009."
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Trader disclosure: On Apr. 6th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (SDS), (GS), (MOS), (WMT); Seymour Owns (AAPL), (BAC), (EEM), (FCX), (FXI), (F), (MSFT); Terranova Owns (KCE), (AMGN), (IBM), (HESS), (BRCM), (DIS), (DELL), (JPM), (INTC), (X), (JOYG), (WYNN); Terranova owns (COP) Calls; Terranova Owns (POT) & (POT) Calls; Terranova owns (XOM) & (XOM) Calls; Karabell Owns (AAPL), (CSCO), (FCX), (FXI), (GOOG), (JPM), (NOK), (NVDA)