Knobias ClipReport (7-27-2007)
Submitted from Knobias ClipReport
The market’s action on Thursday was something that has been expected for some time: a cooling in the overall economy. Debt markets were overburdened, subprime was spilling out into other areas, energy prices were skyrocketing, and earnings were being overlooked as it seemed the market finally decided to price in some of the things its been living with for the past 5 months.
With any continuation of the downslide, investors should look for names that are cheap and lie in wait till the next big run-up. One name that might be considered cheap is Avici Systems Inc. (AVCI).
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