Tech Stocks Fall 4% Today

TechCrunch wonders aloud if today's collapse marks a good time to buy tech stocks. Thoughts?

Google is only down 1.05 percent.
Amazon is down 1.35 percent.
eBay is down 2.5 percent.
But Apple is down 5.76 percent.
And RIM is down 7 percent.

My answer: yes. For all of the above (although I am concerned about RIM who has lost serious momentum and is affected by Wall Street). The others represent sustained value amid strong businesses (and all have cash).

Take Two Takes a Nose Dive

Microsoft : Yahoo as
EA : Take Two Interactive

EA announced that they will not continue with their Take Two acquisition bid and that sent the Take Two stock in a serious nose dive:



More on valleywag

Chiptole Crashes with Indigestion

I love Chipotle. I don't own their stock, but I've allotted 1,000s of calories to those tasty bastards. And while Chipotle isn't exactly a tech stock (at all!) - they were one of the great stocks of the last couple years.

Until yesterday.

They dropped over 20% including after hours to

57.85
-13.30 (-18.69%)

On December 28th, they peaked at $151. Thats quite a fall. Until yesterday, it was relatively steady as well.



Chipotle expects third-quarter net below year-ago level
NEW YORK (MarketWatch) -- Chipotle Mexican Grill Inc.

56.70, -14.45, -20.3%) on Friday said it expects third-quarter net income to fall slightly below the year-ago figure of 62 cents a share. Wall Street analysts expected earnings of 72 cents a share for the restaurant firm, according to a survey by FactSet. Chipotle said the impact of the weakened economy has been greater than expected, leading to comparable restaurant sales in the low single digits for the third quarter.

eBay hits 52 week low @ 22.55

eBay finished up the day at $22.55 a share - down $0.48 (2.1%). That actually marks the one year low point.

The 52 week range for eBay was $22.59 - $40.73. The stock however still has a P/E of 59.19 despite the market hammering.