"For the 1st time in long time I have begun to short big-cap techs," tweets high-profile tech...

|By:, SA News Editor

"For the 1st time in long time I have begun to short big-cap techs," tweets high-profile tech newsletter writer Fred Hickey. He refers to the market's recent gains as " a dangerous, unsustainable Fed-induced rally." Last month, Hickey offered a downbeat view on tech stocks in Barron's, citing high multiples and weak PC, mobile phone, and enterprise IT demand.