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mobile wireless internet looks unstoppable

|Includes: QCOM, ProShares UltraShort S&P 500 ETF (SDS), SYNA

I'm working on a buy list for mobile wireless internet stocks.  With just 1% penetration of overall internet traffic, it has a big and very fast growing future.  Last evening I ordered a book on Amazon through a full featured touch screen mobile phone.  Then I set the phone down and went to sleep.  No need whatsoever to be up late staring at a computer screen in the office.

I am reading updated WSJ articles every evening the same way.

Some times you just have to experience a technology phenomenon to know it is a tidal wave. 

I would expect stocks like QCOM and SYNA to be on the list.  My guess is the ones that aren't household names are the better ones to own.  We'll see.

If the market has the decline I think we might have, these stocks may give us an opportunity to buy them cheap.  One strategy may be to be short the SP 500 with symbol SDS and accumulating a handful of mobile wireless internet stocks.

Disclosure: long SDS