It feels great to be back in on the action today, opening a 7th long & short tech stock trade. As always, you can see my live tech long & short trades and performance here:

–2013 Long & Short Tech Stock Picks

Today, I took all stocks that I follow, I then removed stocks that I have live trades on as well as those that I do not have a good enough feeling these days to trade and was left with 12 stocks. These were the smaller P/E ones. You can see the numbers here:

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Long Microsoft (MSFT)

Is Microsoft under attack? Absolutely. But let’s not over-blow the impact here. It continues to have solid core products such as Windows and Office but also solid products in many different areas such as gaming, web properties, etc. I don’t think Microsoft will get back to its former growth rates but it is still a good holding at its current price.

Next earnings release: April 18th 2013

Short IAC Interactive

IAC Interatice has been able to grow its business more than I would have expected in recent months but when I look at the fact that Microsoft made more in earnings per share in 4 of the last 5 quarters but IAC is valued almost 50% higher, it just seems like a great opportunity.

Next earnings release: May 2nd 2013

If ever any of you are interested in my technology stock thoughts and picks, I invite you to my tech stocks newsletter, it’s free and you’ll get an email bi-weekly with additional thoughts on many of these names:

Disclaimer: I will enter into the trade this morning but have no positions as of this time…