Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In his ‘macro calls for 2014’ (see HERE) Tom Winnifrith noted that the US markets look to be stunningly overvalued and that a Wall Street correction would, in the UK, see FTSE-350 stocks (liquid and overvalued) plus some of the tech plays on exorbitant forward PEs caned the most heavily. What are some of the tech stocks that look to fit such a profile? Paid-for researcher Edison has recently updated on AIM-listed Monitise plc (MONI). I am not paid by Monitise and so reach a rather different conclusion to the writers-for-hire.
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