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I've recently been thinking a lot about the day the stock market crashed in October 1987.
You know why…
On Oct. 19, 1987 – Black Monday – the Dow Jones Industrial Average lost 22.6% of its value in a single day.
And ever since Jan. 26, we've seen the Dow drop 10%, regain half of that, and then drop and bounce back some again and again.
Back in 1987, I was a banking and technology analyst working in San Francisco's financial district. My boss called me from New York after the market closed on Black Monday to talk it over.
"This is huge," he told me. "It's ka-boom!"
"Hey, this is great news," I said. "They're having a sale on Wall Street."
And that's how I am looking at the recent "tech wreck."
You should be, too.
No, this is not 1987. Far from it.
But the fact remains that big tech stocks – all the so-called FANGs – have dropped hard lately. They're down even further than the overall market.
I made a bundle on cheap stocks back in 1987 – and I want you to do the same with these priced-to-move stocks today.
However, you can't just head to your broker and put down some "Buy" orders.
You need a strategy – a plan of attack.
So I'm going to show you how to use my unique system to make your own bundle…
Your opportunity to buy big tech at a discount isn't the only good news to come out of all this recent turbulence.
It's also got Wall Street to say what we've been talking about for years now here.
I've lost count of the times over the last few days that I've heard an analyst tell the media that tech is the linchpin for the entire U.S. economy. Indeed, virtually every business out there needs the digital platforms that grow sales and improve profit margins.
That alone makes this is a great buying opportunity for savvy investors armed with just the right strategy – the right plan of attack – for turning sell-offs into profit bonanzas.
Make no mistake. Each member of the FANG Plus group is a great company. We're talking Facebook Inc. (Nasdaq: FB), Amazon.com Inc. (Nasdaq: AMZN), Netflix Inc. (Nasdaq: NFLX), and Alphabet Inc. (Nasdaq: GOOGL) – plus Apple Inc. (Nasdaq: AAPL).
These companies are behind advanced chips, online streaming, social networking, cloud computing, e-commerce and mobile payments, online search, and productivity software – not to mention artificial intelligence, Big Data, virtual reality, and streaming music.
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Plus, most of these companies have moonshot labs where they're working on stuff like driverless cars, balloon-powered universal Internet, and typing with your brain.
Just holding these five stocks is like owning the world's best technology fund.
And remember, there's absolutely nothing wrong with the fundamentals of any of the FANG Plus.
Just look at Facebook…
When Controversy Hits
Facebook is off 20% from its highs mainly because of a controversy about how it sold user data – not user IDs – during the 2016 presidential election.
That has some investors worried that Washington might try to rein in the social networking leader.
While Congress will certainly spend some time grilling Facebook CEO Mark Zuckerberg – and rightfully so – I doubt anything will come of it. And even if they were to pass some form of legislation, I firmly believe the courts would strike it down as an abridgment of free speech.
Amazon is another example of a stock hurt by controversy, with shares off nearly 14% from their recent high.
Of course, I'm talking about President Donald Trump's recent Twitter rampage, blaming Amazon for running brick-and-mortar retailers out of business.
He also alleges that Amazon is taking advantage of the U.S. Postal Service's cheap shipping rates to pad profits. Never mind that other shippers also use the USPS for the last mile journey to your home – or that Amazon doesn't set those rates (it just takes advantage of them).
Here's what the president is missing. Amazon now sells products for thousands of small businesses that would never have access to global markets without this king of e-commerce. So, Amazon has actually been a boon to mom-and-pop shops all over America.
Now, like I said, it's not the time to just buy a lot of tech stocks with hopes of boosting your portfolio's gains.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.