“[But the market-leading tech companies are not the only ones trading at more rational levels. Andrew Pratt, manager of the Montgomery U.S. Focus fund, says the sell-off of the past few months has created several values.] There's a long-term place for technology, ... We're going through a difficult time but it's fertile ground to look for ideas.”
“My strategy is to stay with companies that are executing well despite the negative tech backdrop. At some point tech is going to recover and these are the companies you'll want to be in.”
“But I don't think you can (think about that). You have to stay in the present, so hopefully I can do that tomorrow. I've been playing well the last two months and put myself in contention to win, but I just haven't gotten it done yet.”
